Fisker Reveals Receipt Of Notice Of Late Filing From NYSE
Portfolio Pulse from Benzinga Newsdesk
Fisker Inc. has received a notice from the NYSE regarding a late filing of its Form 10-Q. The company has six months from November 14, 2023, to file the report with the SEC to regain compliance with NYSE listing standards.
November 20, 2023 | 10:02 pm
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NEGATIVE IMPACT
Fisker Inc. has been notified by the NYSE about a delay in filing its Form 10-Q. The company has a six-month period to file the report and regain compliance.
The notice of late filing is a negative regulatory event that could undermine investor confidence in Fisker Inc. and potentially lead to a decrease in stock price in the short term. The six-month window to regain compliance provides some time for recovery, but the initial reaction is likely to be negative due to concerns over the reasons behind the delay and potential governance issues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100