Fisker Talks With Automaker End, Raising the Risk of Bankruptcy [BNN Bloomberg (Canada)]
Fisker Inc. Class A (FSR)
Company Research
Source: BNN Bloomberg
were terminated without a deal, which means the company needs to renegotiate terms for recent financing or face the possibility of filing for bankruptcy protection. Fisker said March 18 that it had secured a commitment of $150 million in financing from an existing investor, but one of the terms of that deal was an agreement with an unidentified large automaker for an investment. Without such an agreement, Fisker needs to renegotiate terms of its financing or seek other options, including bankruptcy, the company said. The company's problems coincide with a general reset among automakers who are either reining in EV investments amid slowing sales growth or straaining to find financing in a tougher market. After termination of discussions with the automaker, Fisker said its intends to work out new terms with the investor. Fisker had already missed an interest payment of $8.4 million early in March on some 2026 convertible notes and said that bankruptcy was a possibility. Fisker s
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FSR
News
- PRESS DIGEST- Wall Street Journal - March 26 [Yahoo! Finance]Yahoo! Finance
- Fisker Delisted by NYSE as EV Maker Races to Save Itself [Yahoo! Finance]Yahoo! Finance
- Fisker trading suspended by NYSE [TechCrunch]TechCrunch
- Fisker stock: NYSE suspends trading, starts delisting process [Yahoo! Finance]Yahoo! Finance
- Lucid gets a lifeline. [Verge, The]Verge, The
FSR
Earnings
- 2/29/24 - Miss
FSR
Sec Filings
- 3/25/24 - Form 8-K
- 3/25/24 - Form 8-K
- 3/25/24 - Form PRE
- FSR's page on the SEC website