Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nikola Corp faced acceleration on convertible notes of $31,782,344 in aggregate principal amount of the June 2022 Notes with U.S. Bank Trust Company, National Association at 8.00% / 11.00% maturing due 2026.
- Instrument
- convertible notes
- Principal
- $31,782,344 in aggregate principal amount of the June 2022 Notes
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 8.00% / 11.00%
- Maturity
- due 2026
- Event
- acceleration
Exact text from the filing
On the Filing Date, (i) the aggregate principal amount of the Debt Instruments and (ii) accrued and unpaid interest thereon to the Filing Date, in each case, immediately became due and payable by the Company in the amounts set forth below on the Filing Date without declaration, notice or other action of the holders thereof or the trustee under the indenture that governs such Debt Instruments in accordance with the terms thereof: • $31,782,344 in aggregate principal amount of the June 2022 Notes and $557,956.71 in accrued and unpaid interest thereon; and • $12,394,656 in aggregate principal amount of the June 2023 Notes and $134,964.03 in accrued and unpaid interest thereon.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nikola Corp faced acceleration on convertible notes of $12,394,656 in aggregate principal amount of the June 2023 Notes with U.S. Bank Trust Company, National Association at 8.00% / 8.00% maturing due 2026.
- Instrument
- convertible notes
- Principal
- $12,394,656 in aggregate principal amount of the June 2023 Notes
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 8.00% / 8.00%
- Maturity
- due 2026
- Event
- acceleration
Exact text from the filing
On the Filing Date, (i) the aggregate principal amount of the Debt Instruments and (ii) accrued and unpaid interest thereon to the Filing Date, in each case, immediately became due and payable by the Company in the amounts set forth below on the Filing Date without declaration, notice or other action of the holders thereof or the trustee under the indenture that governs such Debt Instruments in accordance with the terms thereof: • $31,782,344 in aggregate principal amount of the June 2022 Notes and $557,956.71 in accrued and unpaid interest thereon; and • $12,394,656 in aggregate principal amount of the June 2023 Notes and $134,964.03 in accrued and unpaid interest thereon.
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Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Nikola Corp entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-02-19).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the District of Delaware
- Petition
- 2025-02-19
Exact text from the filing
On February 19 , 2025 (the “Filing Date”), Nikola Corporation (the “Company”) and certain of its direct domestic subsidiaries (together with the Company, the “Debtors”) filed voluntary petitions for relief (the “Bankruptcy Petitions”) under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
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