Fisker (US:FSR) Investor Place·2024-07-17 20:19Core Viewpoint - The recent legal ruling allows Fisker to liquidate its remaining inventory of Fisker Ocean SUVs to American Lease, which is crucial for the company's financial obligations amid its declining stock value [6][9]. Group 1: Stock Performance - Fisker stock has experienced a dramatic decline, plummeting 70% in value, now trading at less than 1 cent per share [5][3]. - The company is currently traded over-the-counter, indicating limited trading options and potential for further decline [3]. Group 2: Legal and Financial Developments - A Delaware bankruptcy court judge ruled in favor of Fisker, permitting the sale of its electric vehicles despite objections from the U.S. Trustee regarding notification and valuation issues [9]. - The deal with American Lease is valued at a maximum of $46.25 million, which will be used to pay remaining employees and creditors [10][7]. Group 3: Operational Context - The sale will allow Fisker to deliver its Ocean EVs to American Lease in the coming days, which is essential for addressing bankruptcy costs [10][9]. - The company is currently focused on resolving four pending recalls on the Ocean model, which is a critical operational challenge [6][7].