Fisker Inc. Has Terminated Its Distribution Agreement, Which Allowed The Company To Sell Shares Of Its Class A Common Stock Through An "At The Market" Equity Offering Program, Resulting In The Discontinuation Of Any Further Share Offerings
Portfolio Pulse from Happy Mohamed
Fisker Inc. has ended its distribution agreement that allowed the company to sell shares of its Class A common stock through an 'At The Market' equity offering program. This results in the discontinuation of any further share offerings.
July 14, 2023 | 4:03 pm
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Fisker's termination of its distribution agreement may impact the availability of its Class A common stock, potentially affecting its stock price.
The termination of the distribution agreement means Fisker will no longer be able to sell shares of its Class A common stock through the 'At The Market' equity offering program. This could limit the availability of its shares in the market, potentially leading to a decrease in its stock price due to reduced supply.
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