With his criminal fraud trial scheduled to start on Sept. 12, Nikola Corp. founder Trevor Milton purchased 3 million shares of the electric truck maker’s stock, reversing a pattern of share dumping that raised tens of millions.
The move could prove profitable for Milton, who purchased the shares at $5.80 each, according to a Securities and Exchange Commission filing dated Wednesday. He sold 15 million shares in November for about $174 million.
Milton voted in June against a company proposal to...
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