Fisker Announces Receipt of Financing Commitment of Up to $150 Million and Provides Business Update

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Go back to Fisker Announces Receipt of Financing Commitment of Up to $150 Million and Provides Business Update

Fisker (FSR) stock tumbles further after pausing production

March 18, 2024 12:25 PM EDT

Fisker (NYSE: FSR) stock is down again Monday, falling a further 12% after the company said it would pause production for six weeks starting the week of March 18.

The electric vehicle company also announced a new financing commitment from an existing investor, providing up to $150 million of gross proceeds.

The company said the financing is being provided by the holder of its 2025-dated convertible notes and will be organized in four... More