Shares of electric and hydrogen fuel cell truck technology company
Nikola
are taking it on the chin. The reason is arcane.
Monday, Nikola (ticker: NKLA) filed a notice with the Securities and Exchange Commission saying that on Thursday, it filed a petition in the Delaware Court of Chancery, seeking to validate certain documents for Romeo Power, a maker of EV battery packs and associated technology, it acquired in October.
Source: https://www.barrons.com/articles/nikola-stock-delaware-chancery-court-b0b8f0f2?siteid=yhoof2&yptr=yahoo