Did BlackRock Foresee Nikola’s Woes?

The anchor investor in the special-purpose acquisition company that merged with the electric truck company redeemed early on.

Michelle Celarier September 22, 2020

(Ash Ponders/Bloomberg)

When VectoIQ, the blank-check company that would later merge with electric truck maker Nikola, filed to go public on May 16, 2018, it had an anchor investor that immediately gave it gravitas: BlackRock.BlackRock’s funds agreed to invest $25 million in the special-purpose acquisition company’s public

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