How dire are electric truck maker Nikola’s finances?

Nikola Corp. maintains it has enough liquidity to fund the next year of building electric trucks and developing a hydrogen fueling business. But its auditor disagrees, leading to the company’s notice of going concern with the Securities and Exchange Commission.

“If capital is not available to the company when, and in the amounts needed, the company could be required to delay, scale back, or abandon some or all of its development programs and operations, which could materially harm the company’s...

https://www.freightwaves.com/news/how-dire-are-electric-truck-maker-nikolas-finances

Amazon-backed Deliveroo sets IPO price, valuation near $12B

Amazon backed Deliveroo to go IPO at $12 billion valuation

Deliveroo, the Amazon (NASDAQ:AMZN) backed U.K. food delivery company, announced on Monday it will price its initial public offering in a range of $5.39 to $6.35 per share. If it goes public at that price range, it would value the company at nearly $12 billion.

Founded in 2013, Deliveroo announced it would go public on the London Stock Exchange with a time-limited, dual-class share structure that will ensure founder and CEO Will Shu retains a large role in moving the company forward.

“We are...

https://s29755.pcdn.co/news/amazon-backed-deliveroo-sets-ipo-price-valuation-near-12b

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