PBW - Fisker's Financial Struggles Intensify Faces Delisting and Explores Restructuring Options | Benzinga
Fisker Inc (NYSE:FSR) is facing delisting from the New York Stock Exchange due to its share price falling to “abnormally low” levels, with trading suspended shortly after.
This development follows the collapse of potential deal talks with a giant automaker, pushing Fisker to explore strategic alternatives, including restructuring and capital markets transactions.
The failed negotiations have triggered a need for Fisker to possibly repurchase its convertible notes due in 2026 and 2025, raising concerns about a default event that could significantly impact its operations and financial health.
This situation exacerbates the ...