💥New Chapter 11 Bankruptcy Filing - Nikola Corporation ($NKLA)💥
Another deSPAC EV crashes into the District of Delaware
On February 19, 2025, Phoenix-based Nikola Corporation ($NKLA) and 9 affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Horan). Which meeeeaaaaans … another sh*tco EV deSPAC will ensh*tten the Delaware court, following in the footsteps of Canoo Inc., Fisker Group Inc., and Lordstown Motors Corp.
And just like all of those predecessors, your friends here at PETITION have also extensively covered Nikola’s demise:
Speaking of demises, just a friendly reminder that the debtors were once worth more than Ford Motor Co ($F) during the meme stock fervor: