Nikola Stock News

Nikola (NASDAQ: NKLA ) founder and former CEO Trevor Milton is set to be sentenced later today. He faces up to 60 years in prison.

Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramo in the U.S.

Nikola is grappling with a recall that is setting the company back millions of dollars.

Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.

Nikola — the Phoenix, Ariz.-based battery-powered truck maker with nearly 22% of its shares sold short, according to the Wall Street Journal — has suffered a precipitous decline in its stock price

Nikola has announced multiple rounds of capital raises this year. The company also successfully pushed shareholders to approve an increase in the number of shares of common stock.

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The Federal Reserve elected to keep its key interest rate steady. It also indicated a willingness to start cutting rates in 2024.

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Nikola founder Trevor Milton should receive around 11 years in prison for defrauding investors in the electric- and hydrogen-powered truck maker, prosecutors in New York said on Tuesday.

Nikola will receive an estimated $300 million in the combination equity sale and convertible debt offering.

Nikola is facing a cash crunch and raising $300 million through a stock and bond sale. The company reported negative revenue and a big loss last quarter.

Nikola Corp (NASDAQ: NKLA) stock price collapse continued its remarkable collapse on Thursday after the company raised more cash, as I had predicted. The shares tumbled by over 20% and reached its low

Zacks.com users have recently been watching Nikola (NKLA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.