FSR - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages Fisker (FSR) Investors with Substantial Losses to Contact Firm's Attorneys Securities Fraud Lawsuit Pending Over Financial Reporting | Benzinga

SAN FRANCISCO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Fisker Inc. (NYSE:FSR) investors who suffered substantial losses to submit your losses now.

Class Period: Aug. 4, 2023 – Nov. 20, 2023
Lead Plaintiff Deadline: Jan. 26, 2024
Visit: www.hbsslaw.com/investor-fraud/FSR
Contact An Attorney Now: FSR@hbsslaw.com
                                                 844-916-0895

Fisker Inc. (NYSE:FSR) Securities Fraud Class Action:

Fisker's recent decision to dial back its full-year production target has caused news outlets to question whether the company will survive the next year.

On Dec. 7, 2023, MotleyFool observed, in response to the production cut, that the company "prioritized liquidity[,]" "[p]ut another way, Fisker requires cash for working capital needs and is therefore scaling back production[,]" and "[t]hat's a pretty dire situation to be in for any company."

Then, on Dec. 19, The Wall Street Journal noted the "cash crunch" several EV makers are facing, including Fisker. According to WSJ, Fisker recently reported as having only 187 days of cash on hand, meaning it could run out of cash before the middle of next year.

The recent reports questioning Fisker's solvency come in the wake of the filing of a securities class action suit, alleging ...

FSR) Investors with Substantial Losses to Contact Firm's Attorneys, Securities Fraud Lawsuit Pending Over Financial Reporting>Full story available on Benzinga.com