Nikola Corporation
0.0300+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · NKLAQ · USD
Key Stats
Market Cap
3.58MP/E (TTM)
-Basic EPS (TTM)
-17.56Dividend Yield
0%Recent Filings
10-K
FY2024 results
Nikola Corporation's FY2024 results showed revenue doubling to $68.9 million, driven by 200 Tre FCEV shipments versus 35 in 2023, though truck sales costs rose 15% to $279.9 million amid ongoing BEV recall efforts that accrued $57.4 million in liabilities. Q4 momentum faltered with a $336.8 million impairment charge on assets, including $213.5 million in property, plant, and equipment, as production halted and bankruptcy loomed. Gross loss widened 8% to $230.4 million, while operating expenses climbed 57% to $686.0 million, yielding a $958.2 million net loss from continuing operations—up 11% y/y. Cash dwindled to $104.3 million by year-end, with $521.5 million burned in operations. No annual guidance issued. Equity holders face total wipeout under the confirmed liquidation plan.
8-K
Nikola approves Nasdaq delisting
Nikola Corporation's board approved voluntary delisting from Nasdaq on March 24, 2025, after prior suspension on February 26 due to listing failures. The company plans to file Form 25 around April 3, making delisting effective April 14, followed by Form 15 to end SEC reporting. This shift cuts compliance costs but spikes stock volatility amid bankruptcy risks. Forward-looking plans hinge on uncertain outcomes.
8-K
Nikola delisting after bankruptcy
Nikola Corporation filed for Chapter 11 bankruptcy on February 19, 2025, triggering Nasdaq's decision to delist its common stock. Trading will suspend at the open on February 26, 2025, due to the filing's public interest concerns, diminished equity value for shareholders, and doubts over ongoing listing compliance. The company won't appeal. Equity holders face total loss of Nasdaq access.
8-K
Nikola files Chapter 11 for asset sale
Nikola Corporation filed voluntary Chapter 11 petitions on February 19, 2025, to pursue a structured asset sale via competitive auction, entering bankruptcy with $47 million in cash. The filing accelerated $44.2 million in principal plus interest on convertible notes, stayed enforcement, and triggered significant asset impairments while allowing limited truck service and HYLA fueling through March 2025. Securityholders face substantial recovery risks amid the wind-down.
8-K
Nikola secures $65M note conversion
Nikola Corporation received $65 million in gross proceeds from converting its convertible notes on December 3, 2024, while entering an equity distribution agreement on December 9 for up to $100 million in at-the-market common stock sales through BTIG at a 2.5% commission. The firm fully repaid its $39.4 million Series B-1 notes and terminated hydrogen take-or-pay agreements, slashing most contingent liabilities. Cash lasts into Q1 2025. Risks loom large.
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