secwatch.observer — SEC 8-K summary
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Issuer:     Nikola Corp (—)
CIK:        0001731289
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001731289-23-000160
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nikola transfers Romeo Power assets to assignee for benefit of creditors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731289/000173128923000160/0001731289-23-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731289/000173128923000160/nkla-20230630.htm
  HTML page:      https://secwatch.observer/filing/0001731289-23-000160

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