Tags: sec | nikola | fraud | allegations | short seller

SEC to Examine Nikola Over Short-Seller's Fraud Allegations: Bloomberg News

SEC to Examine Nikola Over Short-Seller's Fraud Allegations: Bloomberg News

Monday, 14 September 2020 05:24 PM

The U.S. Securities and Exchange Commission is probing Nikola Corp to assess the merits of short-seller Hindenburg's allegations that the EV maker misled investors about its business prospects, Bloomberg News reported. 

Nikola and the SEC did not immediately respond to Reuters requests for comment.

Shares of the company (NKLA) were down nearly 8% at $33.06 in extended trade.

© 2020 Thomson/Reuters. All rights reserved.


   
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The U.S. Securities and Exchange Commission is probing Nikola Corp to assess the merits of short-seller Hindenburg's allegations that the EV maker misled investors about its business prospects, Bloomberg News reported.
sec, nikola, fraud, allegations, short seller
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2020-24-14
Monday, 14 September 2020 05:24 PM
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