PHOENIX, Sept. 11, 2020 /PRNewswire/ -- Nikola Corporation
(NASDAQ: NKLA) issued the following statement in response to claims
made about the Company by an activist short-seller:
"Yesterday, an activist short-seller whose motivation is to
manipulate the market and profit from a manufactured decline in our
stock price published a so-called "report" replete with misleading
information and salacious accusations directed at our founder and
executive chairman. To be clear, this was not a research report and
it is not accurate. This was a hit job for short sale profit driven
by greed.
We have nothing to hide and we will refute these
allegations. They have already taken up more time and
attention than they deserve. We have retained leading law
firm Kirkland & Ellis LLP to evaluate potential legal
recourse, including with respect to the activist short seller and
any others acting in concert.
Nikola also intends to bring the actions of the activist
short-seller, together with evidence and documentation, to the
attention of the U.S. Securities and Exchange Commission.
We respect the rights of investors and the integrity of the
market and will be back to you after we have advanced the process
with the SEC.
Most importantly, Nikola remains focused on delivering on the
promises we've made to our stakeholders."
About Nikola Corporation
Nikola Corporation is globally transforming the transportation
industry. As a designer and manufacturer of zero-emission
battery-electric and hydrogen-electric vehicles, electric vehicle
drivetrains, vehicle components, energy storage systems, and
hydrogen station infrastructure, Nikola is driven to revolutionize
the economic and environmental impact of commerce as we know it
today. Founded in 2015, Nikola Corporation is headquartered in
Phoenix, Arizona. For more
information, visit www.nikolamotor.com or Twitter @nikolamotor.
MEDIA CONTACTS:
Nicole Rose,
nicole.rose@nikolamotor.com, 602-499-4795
Colleen Robar, crobar@robarpr.com, 313-207-5960
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SOURCE Nikola Corporation