Nikola Founder Bought Utah Ranch With ‘Worthless' Stock Options [Business News Network (BNN) (Canada)]
Nikola Corporation (NKLA)
Company Research
Source: Business News Network
millions of dollars in Nikola stock options as partial payment for a 4,600-acre ranch, he told the jury in Milton's criminal fraud trial. The investor, Peter Hicks, testified on Wednesday that he was first contacted in March 2020 with an offer from Milton to pay $5 million in cash to buy the Wasatch Creeks Ranch, a sprawling Utah property 12 miles from Salt Lake City that features five miles of pristine fishing streams, which Hicks had bought earlier that month for $6.85 million. The Massachusetts investor rejected the offer, and Milton came back a month later with an offer of $7.5 million in cash and $7.5 million in Nikola stock options. Hicks told the jurors in federal court in Manhattan that he was wary because he had never heard of Nikola or Milton and didn't like the looks of a purchase funded partly by stock in a company without revenue, calling it “pretty risky.” “I believe in things that are very tangible to me, and that is real estate and cash,” Hicks testified. Cha
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News
- Here is What to Know Beyond Why Nikola Corporation (NKLA) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of Directors [Yahoo! Finance]Yahoo! Finance
- M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of DirectorsBusiness Wire
- Nikola (NKLA) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Nikola Co. (NASDAQ: NKLA) is now covered by analysts at Wolfe Research. They set a "peer perform" rating on the stock.MarketBeat
NKLA
Earnings
- 2/22/24 - Beat
NKLA
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEF
- 4/24/24 - Form DEFA14A
- NKLA's page on the SEC website