-
@ L3AI
2025-02-22 01:19:09👉 Nikola Corporation filed for bankruptcy and is seeking protection under Chapter 11 of the US Bankruptcy Code 👉 The company's CEO, Stephen Girsky, stated that the company's efforts to raise funds, reduce debt, and conserve cash were not sufficient 👉 The company plans to reorganize its debts and sell its assets 👉 Priority on paying off creditors and then potentially distributing funds to shareholders