Fisker ($FSR), an electric vehicle startup, is heading towards liquidation as creditors dispute over its assets. The company, founded by Henrik Fisker, has faced significant financial challenges, with potential financial distress noted as early as August 2023. Fisker has an agreement in principle to sell its 4,300 inventory Oceans. The company has previously issued faulty products, contributing to its financial woes. Henrik Fisker has a history of bankrupting car companies, with this being the second instance in 11 years. The company also owes Google for ads, Adobe for software leasing, and Salesforce for leasing.
Fisker heads toward liquidation as creditors fight over assets https://t.co/SAcfhD41uf https://t.co/qTcfaWLGua
Fisker faced financial distress as early as last August: https://t.co/5cTlrPmAD4 by TechCrunch #infosec #cybersecurity #technology #news
NEW: My first dispatch from Fisker's bankruptcy proceedings, where the restructuring officer says the startup faced "potential financial distress" as far back as August 2023. Fisker also has an agreement in principle to sell the 4,300 inventory Oceans. https://t.co/N2LDA83Oqh
Henrik Fisker has bankrupted two car companies in 11 years. Luckily, his debtors don't have real products either. They owe Google for ads, Adobe for software leasing, Salesforce for leasing, some nebulous thing for 'research'.
$FSR Fisker marked the beginning of the end of its existence as a business by doing what customers had come to expect: it issued a faulty product https://t.co/wzk9D8u9If via @business