#None #Wilmington #Nikola Corporation #Delaware Chancery #Derivative Actions

Nikola Corporation's Derivative Actions: A Proposed Settlement

Nikola Corporation, a key player in the zero-emissions transportation sector, has recently announced critical updates regarding ongoing derivative litigation. Shareholders were informed of several derivative actions being pursued in the Delaware Chancery and federal courts, alongside an Arizona action. These legal proceedings, collectively referred to as the "Actions," have raised significant questions that necessitate shareholder awareness and involvement.

The company released a Stipulation and Agreement of Settlement, signed on August 21, 2025, outlining terms related to these proposed settlements. This document details the framework under which the settlement of the Actions will occur, offering specific rights to shareholders, including the ability to object to the settlement terms or requests for fees. This phase is crucial, as it outlines not only the settlements but also the potential financial implications for the parties involved.

The Notice of Pendency, informing shareholders about the settlement, encourages them to examine the Stipulation further. It highlights essential rights shareholders may hold within this judicial context, focusing on actions they may choose to take or refrain from regarding the proposed resolution. If the court provides its approval for the terms set forth in the Stipulation, the associated parties will subsequently seek an Order and Final Judgment to close these Actions.

As part of the process, stakeholders are encouraged to participate in an upcoming settlement hearing, which is scheduled for November 20, 2025. This hearing will take place at 3:15 PM at the Delaware Court of Chancery, within the Leonard L. Williams Justice Center located in Wilmington, Delaware. Here, shareholders not only have the opportunity to voice objections but can also exhibit their interests and concerns regarding the case outcomes.

Nikola Corporation is actively engaging with its shareholders through the Investor Relations section on its official website, where both the Stipulation and the Notice are accessible. This move underscores the importance of transparency between the firm and its stakeholders. With potentially substantial stakes and outcomes riding on this settlement, Nikola reiterates its commitment to addressing all shareholder inquiries and oversight throughout the progression of these Actions.

In a dynamic industry centered on innovation and sustainability, Nikola's navigation through legal challenges is paramount. The company's settlement proposal reflects its willingness to responsibly resolve outstanding issues, while prioritizing the rights and interests of its shareholders. As the settlement hearing approaches, the attention of many stakeholders will be focused on Nikola's strategy, litigation outcomes, and broader implications for the future of zero-emissions transportation solutions.

As more details unfold through the legal proceedings, Nikola Corporation remains committed to updating and involving stakeholders in a manner that reinforces their investment and trust in the company’s ongoing mission.