FSR Stock Alert: Fisker Embraces Dilution to Pay Down Debt

Fisker (NYSE:FSR) stock is surging higher after the company announced that it had enacted an amendment and waiver agreement with an institutional investor that owns its 0% senior secured convertible notes due in 2025. On July 10, the two parties agreed to enter into a Securities Purchase Agreement in which the investor would purchase $510 million of convertible notes, which is a form of debt. The first change stipulates that, if Fisker decides to collaborate with a strategic original equipment manufacturer ...