tiprankstipranks
Fisker’s Financial Struggles Lead to Board Reshuffle and Debt Forbearance
Company Announcements

Fisker’s Financial Struggles Lead to Board Reshuffle and Debt Forbearance

Don't Miss our Black Friday Offers:

The latest update is out from Fisker (FSRN).

Fisker Inc., after selling convertible senior notes to an investor, faced a series of defaults due to its stock suspension and delisting from the NYSE, along with missed payment deadlines. The investor gained rights including demanding immediate redemption of these notes. However, Fisker and its guarantors negotiated forbearance agreements, temporarily preventing the investor from enforcing redemption. Amidst this financial restructuring, Mark E. Hickson resigned from the Board, and Michael Healy of FTI Consulting was appointed as Chief Restructuring Officer, bringing in his extensive experience in managing corporate turnarounds.

For detailed information about FSRN stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyThree new option listings and one option delisting on June 20th
TheFlyFisker Group files for Chapter 11 protection
Kailas SalunkheEV Maker Fisker Files for Bankruptcy
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App