Nikola admits ousted chairman misled investors as legal costs mount

Embattled electric truck start-up Nikola has admitted its ousted founder and chairman, Trevor Milton, made several inaccurate statements from 2016 through the company’s IPO last year that misled investors. The company highlighted nine comments by Milton from July 2016 through July 2020 that were “inaccurate in whole or in part, when made,” according to its annual filing Thursday to the Securities and Exchange Commission.
Read more: https://www.cnbc.com/2021/02/25/nikola-is-paying-8point1-million-in-legal-fees-for-ousted-chairman-milton.html?source=Snapzu