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EV startup Fisker prepares for possible bankruptcy filing, WSJ reports

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March 13, 2024 5:02 PM EDT

FILE PHOTO: The Fisker Inc. logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2022. REUTERS/Brendan McDermid/File Photo

(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.

Nissan was in advanced talks to invest in Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck, Reuters reported earlier this month, citing two people familiar with the negotiations.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shweta Agarwal and Shounak Dasgupta)


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