FSR Stock: The $150 Million Reason Fisker Shares Are Moving Today

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 ...