Announces it is in talks with a large automaker for a potential transaction to develop EV platforms and to manufacture in the US.
Electric vehicle manufacturer Fisker Inc. (NYSE: FSR) announced yesterday it would pause production for six weeks starting this week to align inventory levels and progress strategic and financing initiatives.
The company said it received a financing commitment from an existing investor providing up to $150 million of gross proceeds.
The financing is being provided by the holder of the company’s 2025-dated convertible notes and will be organized in four tranches. The financing is subject to certain conditions,
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