DOJ Indicts Founder of Nikola for Allegedly Defrauding Retail SPAC Investors - corpgov.law.harvard.edu -BoardProspects

DOJ Indicts Founder of Nikola for Allegedly Defrauding Retail SPAC Investors

corpgov.law.harvard.edu Aug 15 2021 BoardNews

On July 29, 2021, the U.S. Attorney’s Office for the Southern District of New York unsealed a securities and wire fraud indictment against Trevor Milton, the founder and one-time chairman of Nikola Corporation (“Nikola”), a pre-revenue electric- and hydrogen-powered vehicle company which went public through a merger with a special-purpose acquisition company (“SPAC”)...
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Topics Mentioned
- activist investor
- acquisition
- Investors
- Founder
- SPAC
- DOJ
- York
- Nikola Corporation
- Trevor Milton
- Merger
- Fraud
- Retail
- revenue