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Eugene

(62,172 posts)
Thu Mar 14, 2024, 02:40 AM Mar 2024

EV startup Fisker prepares for possible bankruptcy filing, WSJ reports

Source: Reuters

EV startup Fisker prepares for possible bankruptcy filing, WSJ reports

Reuters
Updated Wed, March 13, 2024 at 6:30 PM EDT·1 min read

(Reuters) -Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The company has hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report.

Fisker declined to comment.

Earlier this month, Fisker flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a partnership with a manufacturer.

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Read more: https://finance.yahoo.com/news/ev-start-fisker-prepares-possible-210241853.html

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