To Innovation - Breaking Politics, Economics, Crypto & IT News
|
||||||||||
TOP STORIES
At least in the distant past the Red planet had a liquid bodies of water
Nikola shares are under pressure as the owner gives up
 Trevor Milton sells $49 million of shares, the SEC filling show 05.Apr.21 1:42 PM By Shawn Highstraw Photo Nikola |
|
|
Trevor Milton, the founder of Nikola, has sold a bunch of shares in his company. This was demonstrated by a report in the register of the Securities and Exchange Commission regulator. Milton sold 3.5 million shares for $ 13.89 each. This sale earned the founder nearly $ 49 million. The stock closed last Thursday at $ 13.91. Milton resigned last September as CEO of Nikola, under pressure from a report by Hindenburg Research. The report stated, among other things, that the battery technology of the electric car manufacturer does not exist. In November, GM decided not to take a stake in Nikola. The American car manufacturer would take an 11 percent stake, worth $ 2 billion. In mid-March this year, Nikola submitted documents to the SEC for the issue of new shares. | |
Related Information:
