SCHEDULE 13G/A: Bank of Nova Scotia Files Amended 13G, Reports No Beneficial Ownership in Nikola Corp

Bank of Nova Scotia has filed an amended Schedule 13G, confirming it holds no beneficial ownership of Nikola Corp's common stock as of March 31, 2025.

Summary

• Bank of Nova Scotia filed an Amendment No. 1 to Schedule 13G concerning its beneficial ownership of Nikola Corp common stock.
• The filing indicates that Bank of Nova Scotia holds 0 shares, representing 0% of the class of securities.
• The reporting person is classified as a financial institution and a parent holding company.
• The filing date is May 7, 2025, with the event date requiring the filing being March 31, 2025.

Sentiment

Score: 5

Explanation: This Schedule 13G filing is a routine regulatory disclosure by Bank of Nova Scotia, indicating 0% beneficial ownership in Nikola Corp. It provides no new information regarding Nikola Corp's financial performance, strategic direction, or operational status, thus maintaining a neutral sentiment.

Industry Context

This is a standard regulatory disclosure for institutional investors. It indicates that Bank of Nova Scotia does not meet the threshold for significant beneficial ownership (typically 5% or more) in Nikola Corp, or has reduced its holdings below that threshold. Such filings are routine and generally do not convey new information about the issuer's business performance.

Stakeholder Impact

• Minimal. This filing primarily serves as a transparency measure for institutional ownership and does not directly impact shareholders, employees, customers, suppliers, or creditors of Nikola Corp.

Key Dates

Keywords

Nikola Corp, Bank of Nova Scotia, Schedule 13G, beneficial ownership, common stock, SEC filing, institutional ownership