---
schema_version: "secwatch.filing_event.v1"
accession: "0001731289-23-000160"
form_type: "8-K"
ticker: null
cik: "0001731289"
company_name: "Nikola Corp"
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:20:52.349881+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nikola transfers Romeo Power assets to assignee for benefit of creditors

## Summary
- On June 30, 2023, Nikola subsidiary Romeo Power transferred all assets to SG Service Co., LLC as assignee for benefit of creditors.
- Romeo will pay assignee $100,000 base fee, hourly service fees, and 1% of proceeds from asset sales (excluding proceeds from Nikola).
- Romeo manufactured battery modules, packs, and battery management systems for commercial vehicles.
- Nikola will file required financial statements by amendment to this 8-K.

## SEC filing metadata
- accession: 0001731289-23-000160
- form_type: 8-K
- cik: 0001731289
- company_name: Nikola Corp
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731289/000173128923000160/0001731289-23-000160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731289/000173128923000160/nkla-20230630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731289-23-000160
- JSON: https://secwatch.observer/filing/0001731289-23-000160.json
- Plain text: https://secwatch.observer/filing/0001731289-23-000160.txt

## Key facts
- M&A Transactions
  Nikola Corp completed a disposition involving SG Service Co., LLC (closed 2023-06-30).
  - Action: disposition
  - Counterparty: SG Service Co., LLC
  - Closing: 2023-06-30
  source text: On June 30, 2023, pursuant to a general assignment (the “Assignment”), Romeo Power, Inc. (“Romeo”), a wholly-owned subsidiary of Nikola Corporation (the “Company”), transferred ownership of all of Romeo’s right, title and interest in and to all of its tangible and intangible assets, subject to certain agreed upon exclusions (collectively, the “Assets”) to SG Service Co., LLC, in its sole and limited capacity as Assignee for the Benefit of Creditors of Romeo (“Assignee”), and also designated Assignee to act as the assignee for the benefit of creditors of Romeo, such that, as of June 30, 2023, Assignee succeeded to all of Romeo’s right, title and interest in and to the Assets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731289/000173128923000160/0001731289-23-000160-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.