Fisker (FSR) Announces Receipt of Financing Commitment of Up to $150 Million and Provides Business Update
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Fisker (FSR) stock tumbles further after pausing production
March 18, 2024 12:25 PM EDTFisker (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
EV startup Fisker to raise up to $150 million, pauses production
March 18, 2024 7:57 AM EDT(Reuters) -Fisker said on Monday it would pause production of its electric vehicles for six weeks and raise up to $150 million in funding by selling convertible notes as the startup tries to navigate a cash crunch and weak demand for its cars.
The company added that none of its Ocean... More
