Fisker Announces Intention To Offer $170,000,000 In Aggregate Principal Amount Of 0% Senior Unsecured Convertible Notes Due 2025 To An Existing Institutional Investor
Portfolio Pulse from Benzinga Newsdesk
Fisker Inc. (NYSE:FSR) plans to offer $170 million in aggregate principal amount of 0% senior unsecured convertible notes due 2025 to an existing institutional investor. The notes will have an original issue discount of approximately 12%, resulting in gross proceeds of $150 million to Fisker.
September 29, 2023 | 12:06 pm
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Fisker's announcement of a $170 million convertible notes offering could potentially dilute existing shareholders, but it will also provide the company with additional capital.
The issuance of convertible notes can lead to dilution of existing shareholders if the notes are converted into equity. However, the proceeds from the offering will provide Fisker with additional capital that can be used for business expansion or other corporate purposes.
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