Nikola Corp

VectoIQ Acquisition Corp (Nasdaq: VTIQ), sponsored by VectoIQ LLC, completed its initial public offering in May 2018 with a focus on commercial transportation and clean-energy technology. In June 2020, the SPAC merged with Nikola Corporation, a Phoenix-based developer of hydrogen-electric semi-trucks, and the combined company began trading under the ticker NKLA on Nasdaq. After the merger, Nikola faced significant headwinds, including fraud allegations against founder Trevor Milton, who was convicted in October 2022, along with sustained production and commercialization challenges. The company filed for Chapter 11 bankruptcy protection in February 2025, making it one of the more closely watched SPAC-merger outcomes in the clean-energy vehicle sector. Sign up on SpacDesk for full data, filings, and analytics on Nikola and every other SPAC transaction.