Beleaguered EV maker Fisker Inc. said on Tuesday that it expects to seek protection under bankruptcy laws within 30 days if unable to receive waivers from its debt holders or raise enough capital to settle its dues.
What Happened: The company is seeking to restructure its current debts and discussing financing alternatives, it said in a regulatory filing, while adding that there is no assurance it will be able to do either.
Additionally, the company will reduce its workforce and streamline its operations in a bid to cut costs, it added.
Fisker in February warned that ...