Nikola Motor Company to repay paycheck protection assistance
by Rofida Khairalla | PinalCentral
Nikola Motor Company has announced that it will repay the funding it received through the Paycheck Protection Program, declaring that it is now confident of the timeline of its merger with VectoIQ.
The hydrogen electric and electric vehicle manufacturer announced on social media that its merger with the shell corporation, which will take Nikola public, is on track.
The company revealed that it had received the second round of comments on the pending merger and was “confident” of when the deal would go into effect. As a result, Nikola Motor said it plans to repay the funding it received through the Coronavirus Aid, Relief and Economic Security Act.
