“Formerly Owned by Nikola’s Founder, Electric Badger Pickup Truck Program Acquired by Associate of Disgraced CEO Trevor Milton”
Beleaguered electric trucking company Nikola has sold the Badger electric pickup truck assets it was once supposed to build with General Motors.
Embr now owns the intellectual property associated with the Badger pickup truck, as well as the assets related to Nikola’s abandoned off-road and personal water craft vehicles.
News of the deal to sell the Badger program comes at an odd time.
But it revealed the Badger pickup in February 2020, just a few months before it went public in a merger with a special purpose acquisition company.
Worthen said Nikola is clawing back 500,000 of those shares Milton gave Sparks as part of the deal.
