Nikola Corporation Agrees to $83M Settlement with SEC in Liquidation Plan

The collapse of zero-emission truck developer Nikola Corporation has culminated in a liquidation plan that includes an $83 million settlement with the U.S. Securities and Exchange Commission.

Court filings on Friday outlined the agreement with federal regulators. The SEC claim is split into an “unsecured claim” of about $43 million and a “junior claim” of $40 million.

The settlement is part of a broader Chapter 11 plan of liquidation for Nikola and its nine debtor affiliates, including Nikola Motor Co. LLC and Nikola Energy Co. LLC.

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