Struggling electric vehicle startup Fisker Inc. said in a regulatory filing that talks with a major automaker about an investment were terminated without a deal, which means the company needs to renegotiate terms for recent financing or face the possibility of filing for bankruptcy protection.
Fisker said March 18 that it had secured a commitment of $150 million in financing from an existing investor, but one of the terms of that deal was an agreement with an unidentified large automaker for an investment. Without such an agreement, Fisker needs to renegotiate terms of its financing or seek other options, including bankruptcy, the company said.
https://www.bloomberg.com/news/articles/2024-03-25/fisker-fsr-talks-with-automaker-end-raising-risk-of-bankruptcy
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