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Phoenix, Arizona – March 24, 2025 – Nikola Corporation today announced its intention to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (the “SEC”) on or about April 3, 2025, which will remove its securities from listing and registration on Nasdaq. Nasdaq previously suspended the trading of Nikola’s common stock at the opening of business on February 26, 2025 and notified Nikola that a Form 25 would be filed. However, as Nasdaq has not yet made the filing, Nikola is doing so voluntarily to permit it to file a Form 15 to deregister with the SEC.
Nikola previously announced on February 19, 2025 that Nikola and certain of its domestic subsidiaries filed voluntary petitions for relief under chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Filing”).
Once the Nasdaq delisting on Form 25 becomes effective, Nikola intends to file a Form 15 to deregister with the SEC.
ABOUT NIKOLA CORPORATION
Nikola Corporation is an integrated truck and energy company, including battery-electric and hydrogen fuel cell electric trucks and hydrogen refueling ecosystems. Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws including, but not limited to, statements about: Nikola’s intent to file a Form 25 and Form 15 with the SEC, and the expected timing thereof. Forward-looking statements involve risks and uncertainties that may cause actual results or performance to differ materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: risks involved with the timing and outcome of the Bankruptcy Filing; the length of time that Nikola will operate under Chapter 11 of the Bankruptcy Code and the continued availability of operating capital during such pendency; the impact of the Bankruptcy Filing and expected filings of Form 25 and 15 on the trading price and volatility of Nikola’s common stock; the timing or amount of any distributions, if any, to Nikola’s stakeholders; and the other factors discussed in Nikola’s reports, including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and subsequent reports filed with the SEC. All forward-looking statements are based on information available to Nikola as of the date of this press release. Nikola undertakes no duty or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
MEDIA CONTACTS
Media Inquiries:
press@nikolamotor.com
Corporate Communications for Nikola:
Gladstone Place Partners
Lauren Odell / Michael Landau
Phone: 212-230-5930
Email: Nikola@gladstoneplace.com
