Mullen Automotive Inc (MULN): Nikola was being sued by Romeo customers...

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TenKay

Re: I-Glow post# 65824

Tuesday, 09/12/2023 1:01:30 PM

Tuesday, September 12, 2023 1:01:30 PM

Nikola was being sued by Romeo customers for a range of issues. Also Nikola discovered the cost to produce a battery pack was significantly higher than what was projected.

While all that is going on Nikola has been under pressure from its creditors…

…so they transferred all the Romeo assets to SG Service Co. to sell for the “benefit of the creditors”.

They idea is that they can get out of the lawsuits by doing so…or at least put them in line with the creditors for their piece.

Here is the article.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172796749

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