Nikola Corp said on Friday it could make a legitimate move against short-dealer Hindenburg Exploration, which blamed the electric truck producer for being a "fake" in a scorching report on Thursday.
"All things considered, this was not an exploration report and it isn't exact. This was a hit activity for short deal benefit driven by voracity," Nikola said in an announcement.
The organization likewise said it planned to bring the activities of the lobbyist short-merchant, alongside proof and documentation, to the consideration of the U.S. Protections and Trade Commission.
Hindenburg, which didn't promptly react to Reuters demand for input, had shorted the stock on Thursday and denounced Nikola's originator, Trevor Milton, of nepotism. The short-vender likewise said it had accumulated enough proof to show that Milton offered bogus expressions to frame organizations with enormous automakers.
"Nikola has been screened by a portion of the world's most believable organizations and financial specialists," the organization said on Thursday, blaming Hindenburg for controlling the high-flying stock.
Portions of the organization were down 1.5% at $37.00 in premarket exchanging.