California Assignment News Today

Pour one out for a true original. After 127 sudsy years, the oldest craft brewery in the United States is closing. Here's what happens next.

Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary. The post Nikola moves to liquidate battery pack maker Romeo Power appeared first on FreightWaves.

(Reuters) - Nikola Corp will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company, which went public in 2020,

Nikola Corporation is set to begin liquidating the assets of battery maker Romeo Power, less than a year after acquiring the company. The American electric...

Nikola in August agreed to buy Romeo Power for about $144 million in stock, as it looked to jump-start efforts to make battery packs. "Nikola is discontinuing its operations with Romeo Power and has commenced a proceeding under the California Assignment for the Benefit of Creditors (ABC) statutory scheme," a company spokesperson said in a statement on Monday. Nikola's struggles mirror those at many other EV startups.

Nikola Corp will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company, which went public in...