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Nikola | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-M&M Residual, LLC(4.41%),Trevor R. Milton(4.41%)

SEC announcement ·  Jan 23 00:00
Summary by Moomoo AI
On December 12, 2023, Trevor R. Milton and M&M Residual, LLC filed Amendment No. 5 to the Schedule 13D with the SEC, indicating a change in their ownership status in Nikola Corporation. The amendment, which serves as an exit filing, states that due to an increase in the number of Nikola's outstanding shares, both Milton and M&M Residual, LLC's beneficial ownership fell below the five percent threshold, now owning 4.41% and 4.52% respectively. This filing follows a series of amendments to the original Schedule 13D filed on June 15, 2020, and marks the final amendment for the reporting persons. The filing also notes that Milton's spouse owns 1,250,000 shares, or 0.11% of the outstanding shares. Both Milton and M&M Residual, LLC disclaim beneficial ownership of any shares not held of record by them, and this filing does not constitute an admission of beneficial ownership for any other shares covered by the Schedule 13D.
On December 12, 2023, Trevor R. Milton and M&M Residual, LLC filed Amendment No. 5 to the Schedule 13D with the SEC, indicating a change in their ownership status in Nikola Corporation. The amendment, which serves as an exit filing, states that due to an increase in the number of Nikola's outstanding shares, both Milton and M&M Residual, LLC's beneficial ownership fell below the five percent threshold, now owning 4.41% and 4.52% respectively. This filing follows a series of amendments to the original Schedule 13D filed on June 15, 2020, and marks the final amendment for the reporting persons. The filing also notes that Milton's spouse owns 1,250,000 shares, or 0.11% of the outstanding shares. Both Milton and M&M Residual, LLC disclaim beneficial ownership of any shares not held of record by them, and this filing does not constitute an admission of beneficial ownership for any other shares covered by the Schedule 13D.
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