Fisker, an electric vehicle maker facing financial challenges, hires restructuring advisors amidst NYSE delisting notice and production issues.

Fisker, an electric vehicle (EV) maker facing financial challenges and a NYSE delisting notice, hired restructuring advisors to help with a possible bankruptcy filing. The company's production issues led to just over 10,000 vehicles being produced in 2023, and its cash reserves dwindled to $396 million. If delisted, this could greatly impact shareholders of the EV startup.

March 14, 2024
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