Fisker Preps for Possible Bankruptcy

Electric vehicle startup Fisker, which recently experienced a 3.53% increase in its stock, has enlisted the expertise of restructuring advisers to explore the possibility of a bankruptcy filing, according to sources familiar with the situation.

Facing a precarious financial position, Fisker has engaged the services of financial adviser FTI Consulting and the law firm Davis Polk to navigate potential restructuring options, insiders revealed.

The company, which disclosed a risk of cash depletion within the current year, reported sales of $273 million in the previous year alongside a debt exceeding $1 billion.

In a recent disclosure, Fisker issued a cautionary note regarding its operational continuity, citing “substantial doubt” about its ability to sustain business operations, the Wall Street Journal reported.

READ MORE: https://www.wsj.com/business/autos/electric-vehicle-startup-fisker-prepares-for-possible-bankruptcy-filing-26e63d32

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley