Fisker Inc. shares plummet after large automaker terminates potential transaction, jeopardizing $150m funding.
Fisker Inc. shares dropped to an all-time low after the electric vehicle (EV) maker announced that a "large automaker" had terminated discussions about a potential transaction. The company had been counting on the deal with the unidentified automaker to meet the conditions of raising up to $150m in funding. Fisker is now considering other strategic alternatives, including in- or out-of-court restructuring.
March 25, 2024
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