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Stock impact report

Fisker Delisted by NYSE as EV Maker Races to Save Itself [Yahoo! Finance]

Fisker Inc. Class A (FSR) 
Company Research Source: Yahoo! Finance
shares sank following news that it would not be getting an investment from a major automaker. Most Read from Bloomberg Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People After Exposing Realtors, Eliminate the Mortgage Interest Deduction Trump Facing Moment of Truth for Finances in Manhattan Court The NYSE said in a statement that Fisker shares were “no longer suitable for listing based on ‘abnormally low' price levels” and trading would be suspended immediately. Before trading was halted at 9:35 a.m. Monday, Fisker shares fell 28% to 9 cents. The stock has dropped 95% since the start of the year. Earlier Monday, Fisker said in a regulatory filing that talks with a major automaker about an investment were terminated without a deal, which means the company needs to renegotiate terms for recent financing or face the possibility of seeking “a strategic transaction in bankruptcy prote Show less Read more
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