FSR - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Fisker Inc. (FSR) | Benzinga

LOS ANGELES, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming January 26, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fisker Inc. ("Fisker" or the "Company") (NYSE:FSR) securities between August 4, 2023 and November 20, 2023, inclusive (the "Class Period").

If you suffered a loss on your Fisker investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Fisker-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On November 8, 2023, before the market opened, Fisker announced that the completion of the Company's financial statements would be delayed due to the appointment of a new chief accounting officer ("CAO") and the departure of the Company's former CAO. The Company had previously announced former CAO, John Finnucan ("Finnucan") provided notice of intent to resign on September 19, 2023, effective October 27, 2023. Fisker's new CAO, Florus Beuting ("Beuting"), was hired effective as of November 6, 2023. The Company advised it "expects to file its Form 10-Q by November 14, 2023." On this news, the Company's share price fell $0.38, or 8.7%, to close at $3.99 per share on November 8, 2023, on unusually heavy trading volume.

Then, on November 13, 2023, after the market closed, Fisker announced its third quarter 2023 financial results, reporting a loss of $91.0 million and $0.27 loss per share. The Company also reported $78.02 million in selling, general and administrative operating costs ...

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