Nikola ( (NKLAQ) ) has released a notification of late filing.
Nikola Corporation has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the company’s ongoing bankruptcy proceedings, which have required significant time and resources from management. As a result, Nikola is unable to complete its annual report and financial audit within the prescribed timeframe. The company anticipates filing the report as soon as possible after the audit is completed, but it does not expect to meet the 15-day extension period. Preliminary financial information indicates an increase in revenue due to higher sales volume, but also highlights potential additional impairment charges that could increase operating losses. Nikola is committed to resolving these issues and ensuring compliance, as stated by Chief Legal Officer Britton M. Worthen.
More about Nikola
YTD Price Performance: -81.78%
Average Trading Volume: 17,510,546
Technical Sentiment Signal: Buy
Current Market Cap: $19.85M
Learn more about NKLAQ stock on TipRanks’ Stock Analysis page.