Nikola Corporation (ISIN US6541103031) stock is tied to a Chapter 11 liquidation plan reviewed by a Delaware federal court on September 10, 2026. According to Leagle, the opinion concerns an appeal from the bankruptcy court order confirming Nikola’s second amended liquidation plan. The legal process, rather than vehicle deliveries or operating guidance, now defines the stock story.
Liquidation status sets the outcome
SetterVC reports that Nikola filed for Chapter 11 on February 19, 2025, and was delisted from Nasdaq on April 14, 2025. The same source states that the liquidation plan was confirmed on September 12, 2025, with common stock canceled and equity holders assigned zero recovery.
That sequence changes how the security must be…