EV-Maker Fisker Files Chapter 11 Bankruptcy Protection: What's Going On With The Stock?
Portfolio Pulse from Erica Kollmann
Fisker, Inc. (OTC:FSRN) has filed for Chapter 11 bankruptcy protection, leading to a significant drop in its stock price. The company is in discussions for debtor-in-possession financing and aims to continue reduced operations. Fisker shares have fallen 53% to 2 cents, with heavy trading volume.
June 18, 2024 | 7:39 pm
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Fisker, Inc. has filed for Chapter 11 bankruptcy protection, leading to a 53% drop in its stock price. The company is in discussions for financing and aims to continue reduced operations.
The filing for Chapter 11 bankruptcy protection is a significant negative event for Fisker, Inc., leading to a sharp decline in its stock price. The company's ongoing discussions for financing and efforts to maintain reduced operations do not offset the immediate negative impact of the bankruptcy filing.
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