Nikola (NKLA) is looking into options to stave off a cash crunch, including a possible sale of parts or all of the company, Bloomberg’s David Welch and Kara Carlson report, citing people familiar with the matter. Other options under consideration include bringing on partners or raising new funds, the authors note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKLA:
- Nikola Stock (NKLA) Plunges over 20% amid Bankruptcy Speculation
- Nikola down 7% to $1.09 after Electrek says bankruptcy filing imminent
- Nikola CEO Girsky ‘out,’ bankruptcy filing in lawyers’ hands, says Lambert
- Nikola (NASDAQ:NKLA) Jumps as Hindenburg Goes Down
- Short Seller Hindenburg Research Is Closing Shop
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue