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What’s Going On With EV-Maker Nikola’s Stock?

Last week, M&M Residual withdrew its nomination of five candidates for election to Nikola's board of directors and alleged "potentially fraudulent conduct of Nikola's management and certain directors." A previously filed SEC document dated April 10, included a note from Nikola's Chairman, Steven M. Shindler, highlighting the contentious battle for board seats to stockholders. "As you may have seen, M&M Residual, LLC, an entity controlled by criminally convicted former Executive Chairman Trevor Milton, has provided notice of its intent to nominate a slate of Directors," Shindler said.

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