Fisker Inc. ($FSR), a company known for its electric vehicles, is facing significant challenges as reports emerge of its trading being halted and pending delisting from the NYSE. The situation escalated after Fisker lost a potential deal with Nissan, which was crucial for unlocking the first tranche of rescue funds announced last week. This loss puts the company's rescue funds at risk, further complicating its financial stability. The trading halt was specifically noted with Fisker's shares down 28% at 9 cents a share, indicating a severe drop in investor confidence. The NYSE has announced it will commence delisting proceedings against Fisker Inc., marking a critical point in the company's struggle to maintain its position in the electric vehicle market.
NYSE says it will begin delisting proceedings against Fisker https://t.co/3GOmU5Bzbx
$FSR | NYSE To Begin Delisting Proceedings Against Fisker
Will everyone please join me in a moment of silence for Fisker $FSR ββ https://t.co/yXtIRG9PCS
$FSR NYSE to Commence Delisting Proceedings Against Fisker Inc. Trading in the Companyβs Class A common stock will be suspended immediately.
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Fisker loses potential Nissan deal, putting rescue funds at risk: https://t.co/qOgM1gTTLP by TechCrunch #infosec #cybersecurity #technology #news
Fisker loses potential Nissan deal, putting rescue funds at risk https://t.co/agO6hQCd2M
NEW: Nissan walked away from Fisker, which is bad, but worse is the startup needed to keep those talks alive to unlock the first tranche of the rescue funds announced last week. Fisker says it is asking that unnamed investor to waive that condition $FSR https://t.co/HS1JQxvXls
*FISKER TRADING HALTED FOR PENDING NEWS *FISKER HALTED DOWN 28% AT 9 CENTS A SHARE
$FSR Halted News Pending
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus. $FSR β οΈ https://t.co/XGtUntjQ6o
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus: https://t.co/UWWTAcfxer by TechCrunch #infosec #cybersecurity #technology #news
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus https://t.co/YsCdsN9s8g