Business
‘Intricate fraud’ : Market darling Nikola examined over short seller’s claim it deceived investors – Sydney Morning Herald
The SEC is investigating market darling Nikola, in the wake of a report that claimed the electric-truck maker deceived investors about its business prospects.
Nikola has encouraged the SEC to get involved. As its stock tumbled last week after the release of the short seller report, the company said it reached out to the SEC to discuss its issues with the Hindenburg report, and ultimately held a call with agency officials on the morning of September 11. Nikola says Hindenburg is attempting to profit from a “manufactured decline” in its share price.
“Nikola has contacted and briefed the US Securities and Exchange Commission regarding Nikola’s concerns …
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