Nikola board member who helped it go public said proper due diligence of startup was done
Reuters
Published Sep 17, 2020 01:29PM ET
DETROIT (Reuters) - A board member for Nikola Corp (O:NKLA) who helped the company go public earlier this year said on Thursday his firm was comfortable with the due diligence performed on the startup that has been called a "fraud" by a short seller.
"We were comfortable with the diligence we did," Steve Girsky said during an appearance at a Financial Times conference. "We are still comfortable with the diligence we did."
Nikola has come under attack from short-seller Hindenburg Research, which has alleged the company misled investors over its technology and was a "fraud." Nikola has rejected the accusations and threatened legal action.
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Written By: Reuters
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