SEC to examine Nikola over short-seller's fraud allegations: Bloomberg News

SEC to examine Nikola over short-seller's fraud allegations: Bloomberg News

U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hy
FILE PHOTO: U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca

REUTERS: The US 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 per cent at US$33.06 in extended trade.

Source: Reuters

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