It has been an extremely volatile month for electric vehicle (EV) startup Fisker (NYSE:FSR). Last week, The Wall Street Journal reported that Fisker had hired restructuring advisors in order to prepare for a potential bankruptcy. In response, the company noted that it does not comment on rumors and frequently works with outside advisors. It also added that it remains committed to raising capital and partnering with a large automaker. Fisker’s response failed to yield any information or reassure investors.To ...

Fisker (NYSE:FSR) stock is moving on Monday after the electric vehicle (EV) company announced that it has secured an additional $150 million in funding.According to a press release from Fisker, the company’s new funding comes from the holder of its 2025-dated convertible notes. It’s also worth noting that this funding is being split into four tranches.Fisker also mentions that this funding is only available if it meets certain conditions. Chief among these is the filing of the company’s Form 10-K for 2023.I ...

EV startup Fisker is pausing production of its electric Ocean SUV for six weeks as it scrambles for a cash infusion.The company said in a Monday morning regulatory filing that it had just $121 million in cash and cash equivalents as of March 15th, $32 million of which is restricted or not immediately accessible. Fisker also said Monday that its accounts payable balance is up to $182 million and that there is “substantial doubt” that it can continue operations without raising new capital, after saying in Feb ...

LOS ANGELES--(BUSINESS WIRE)--Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced a financing commitment from an existing investor providing up to $150 million of gross proceeds. The financing is being provided by the holder of the company’s 2025-dated convertible notes and will be organized in four tranches. The financing is subject to certain conditions, including the filing of Fisker’s 2023 Form 10-K. Fisker is ...

Even though Tesla share prices have been cut in half since peaking in late 2021, they're still up 1,000% over the past decade. That's pretty incredible and the type of performance that every investor likely would be happy with from stocks they own.It's also why so many investors are pouring over the electric-vehicle (EV) space trying to find the next tiny upstart that's destined to become an industry giant. EV-maker Fisker (FSR 12.78%) might be worth adding to such a list. Some may already have taken the pl ...

This week, The Wall Street Journal reported that Fisker (NYSE:FSR) had hired financial adviser FTI Consulting and law firm Davis Polk to assist with a possible restructuring and bankruptcy filing.The company had recently noted that it expected to have “substantial doubt” about its ability to continue as a going concern once it submitted its financial statements for 2023. Fisker also added that it would lay off about 15% of its workforce in order to cut costs and increase liquidity. On March 1, the electric ...

Fisker Inc (NYSE:FSR), the embattled electric vehicle maker, soared 31% after it broke its silence surrounding reports it is nearing bankruptcy. The group is focused on developing a “strategic partnership with a large automaker” and raising additional capital, it said in a statement. Fisker has also been working with outside advisors on the future of the business and potential strategies. The US firm said: “The company is also continuing to pursue its shift to a Dealer Partnership model in both North Americ ...

The shares of beleaguered electric vehicle (EV) maker Fisker (NYSE:FSR) are plunging about 45% today. FSR stock, which is now changing hands for less than 20 cents per share, is sinking because the company is reportedly considering declaring bankruptcy. Moreover, earlier this year, the firm made major changes to its financial management team amid accounting issues, while a negative review of its flagship EV recently went viral.Bankruptcy May Be on Tap for Fisker and FSR StockThe automaker has retained FTI C ...

Fisker (NYSE:FSR) stock is falling hard on Thursday as reports claim the electric vehicle (EV) company is considering a bankruptcy filing.According to these recent reports, anonymous insiders claim that the EV company has hired advisors to assist with its bankruptcy filing. The insiders specifically name FTI Consulting and Davis Polk as its financial advisor and law firm assisting with the filing.Investors will note that this report comes after the company warned earlier this year that it may run out of cas ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...