SPAC Zombie Mergers: Nikola, Whose Shares Collapsed 92%, Buys Battery-Pack Maker Romeo whose Shares Collapsed 98%

Legendary electric truck maker Nikola, which went public in June 2020 via merger with a SPAC – legendary for all the wrong reasons, such as fraud charges that it settled with the SEC for $125 million last December and a stock that has collapsed by 92% from its hype-and-hoopla high...