<p><span>The Securities and Exchange Commission today announced that Nikola Corporation, a publicly traded company created through a special purpose acquisition company transaction, has agreed to pay $125 million to settle charges that it defrauded investors by misleading them about its products, technical advancements, and commercial prospects. The settlement follows the SEC’s litigated action filed earlier this year against </span><a href="https://www.sec.gov/news/press-release/2021-141">Trevor Milton</a><span>, the company’s founder and former Chief Executive Officer and Executive Chairman.</span></p>