SEC to examine Nikola over short-seller’s fraud allegations: Bloomberg News | Reuters

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 on Monday.

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

Shares of the company were down nearly 8% at $33.06 in extended trade. Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur

Comments are closed.