Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets

Nicola founder Trevor Milton, who was recently Pardon After being found guilty of security fraud, a new court filing and a person known about the matter is trying to buy his ex -company resources out of bankruptcy.

Nicola filed for the safety of bankruptcy in chapters in February and says it is expected to sell its business In the middle of this monthThe Milton’s bid was seen with a frosting reception – filing shows that the company refrained from visiting assets in its Coolies, Arizona, factory as a Business Business Journal earlier this month ReportThe

Milton’s interest in Nicola is the latest twist of the company’s long, odd story. Milton founded the company in 2021, in the first high-profile special purpose acquisition attachment, resigned a few months after the fraud allegations were raised, and he was convicted in 2022. He was sentenced to four years in 2021, and President Trump just last month.

Meanwhile, Nicola fought with the battery fire, memory and its overall financial health before file for bankruptcy.

The lawyers of Nevada Sattar, known as ISSO LLC, said in A. Filing Last week that it submitted a bid for Nicola assets on March 21. As part of the bid process, Nicola agreed to give the ISSO to the factory to visit the factory. The company, however, refused to allow the video or photographs and a specific ISSO representative forbade to enter the factory.

The name of the representative has been reprinted in the filing of the bankruptcy court. A lawyer representing Nicola described that person during an emergency hearing last week and his Fit Milton to the detailsThe Milton’s father, Lance Milton and one of his lawyers, Troy Walin, Issue LLC, have been present on the papers that have filed in various states for the past few years.

A person who is familiar with Milton’s purpose, who spoke on condition of anonymity, confirmed to TechCrunch that he was following a bid. A Milton spokesman did not respond to any request for the comment.

At last week’s hearing, Nicola’s lawyer said that Milton’s interest was “nothing but a promotion stunt.” Judge Thomas Horan said that the company is “justified why it is necessary” to ban Milton into this facility. He denied the pace of Iso to allow Milton to visit the factory.

It is not clear whether any other party submitted the bid for Nicola’s assets before the April 3 -April period. Friday, the court revealed that they planned to have auction for “Determining the highest and best offers” on Aprd 10:00 AM ET. No update was posted on the bankruptcy docket when this story was published.