Tag | distressed business

Stapleton Named Assignee of Romeo Power

07.6.23

Romeo Power, a battery-maker purchased by electric-truck maker Nikola (Nasdaq:NKLA) in October 2022, was transferred to assignee SG Service, an affiliate of Stapleton Group, Inc. in an Assignment for the Benefit of Creditors. According to the Wall Street Journal, Nikola purchased Romeo Power in October 2022 to reduce bottlenecks in electric truck production. Struggling from […]

Read More