Defendant Name:
Nikola Corporation
Defendant Type:
Public Company
Document Reference:
2021-267
Document Details
Legal Case Name
In the Matter of Nikola Corporation
Document Name
Nikola Corporation to Pay $125 Million to Resolve Fraud Charges
Document Date
21-Dec-2021
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC "announced that Nikola
Corporation, a publicly traded company created through a special purpose acquisition company transaction,
has agreed to pay $125 million to settle charges that it defrauded investors by misleading them about its
products, technical advancements, and commercial prospects."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Various undertakings
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$125,000,000.00
Shared: