Hilco Streambank Seeks Offers for Nikola IP: Hydrogen Fuel Cell & EV Technologies International Patent Portfolio, Software, Data, & Brand Assets

Non-Binding Indication of Interest Deadline: June 18, 2025

NEW YORK, June 11, 2025 /PRNewswire/ -- Hilco Streambank (www.HilcoStreambank.com), a market-leading advisory firm specializing in the monetization of intangible assets, announced today that it is seeking offers to acquire the intellectual property and related intangible assets of Nikola Corporation ("Nikola"), a pioneer in hydrogen fuel cell and battery-electric vehicle technologies.

Indications of interest are due June 18, 2025.

Founded in 2015, Nikola led the development of proprietary technology for the next generation of zero-emission vehicles and associated hydrogen infrastructure. The company manufactured both battery-electric and hydrogen fuel cell Class 8 trucks, with nearly 330 units delivered to date. Nikola's vehicle-to-cloud digital ecosystem and hydrogen refueling systems are supported by a portfolio of differentiated IP assets with broad application across clean mobility and energy markets.

Available Assets Include

• Full-Stack Vehicle-to-Cloud Software Platform – Supporting advanced diagnostics, remote configuration, route analytics, and encrypted fleet management
• Active U.S. & International Patents and Applications – Covering fuel cell systems, battery management, thermal systems, EV drivetrain design, hydrogen refueling, and more
• Registered U.S. & International Trademarks & Domain Names – Featuring the globally recognized NIKOLA^® brand
• 5 Million+ Miles of Real-World EV Truck Analytics – Enabling insight-rich optimization for commercial fleet operations

"Nikola has developed a robust portfolio of innovative solutions across hydrogen and battery-electric vehicle technologies, with global brand equity and a strategic patent portfolio cited by leading OEMs," said David Peress, Executive Vice President of Hilco Streambank. Peress continued, "This portfolio offers a compelling range of opportunities for a broad spectrum of buyers including vehicle OEMs looking to accelerate hydrogen or battery-electric programs, energy companies pursuing vertical integration, or technology investors seeking a defensible and scalable platform in the software-defined vehicle space, this offering delivers the tools to support rapid innovation, market entry, and strategic differentiation."

Interested parties may submit offers for all or a portion of the assets. For further information or to request access to diligence materials, please contact the Hilco Streambank deal team at project+nikola@hilcoglobal.com.

Nikola and various of its affiliates are debtors in Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (Case No. 25-10258). The sale of Nikola's intangible assets and Hilco Streambank's retention are subject to bankruptcy court approval.

About Hilco Streambank: Hilco Streambank is a market-leading advisory firm specializing in intellectual property valuation, advisory, and monetization. Having completed numerous transactions, including sales in publicly reported transactions, private transactions, and online sales through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet, technology, and telecom communities. Hilco Streambank is part of Northbrook, Illinois-based Hilco Global, the world's leading authority on maximizing the value of business assets by delivering valuation, monetization, and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate, and strategic capital equity investments.

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SOURCE Hilco Streambank