From Investing.com: 2024-03-26 02:56:02

Cash-strapped Fisker’s talks with a potential automaker deal have collapsed, leading to a stock delisting by the NYSE due to low prices. The electric-vehicle startup is exploring strategic options, including restructuring and capital markets transactions. This news follows the pause of electric-vehicle production as uncertainty around Fisker’s future grows. Fisker’s struggles to raise funds were highlighted by missing an interest payment, impacting its ability to close a financing deal. The startup plans to propose a reverse stock-split to comply with listing norms, as its shares have lost over 90% of their value this year.



Read more at Investing.com: Fisker deal talks with big automaker collapse, NYSE to delist stock By Reuters