On Monday, the NYSE made public its decision to promptly suspend and eventually remove Fisker $FSR shares from trading due to their notably low prices. This action followed a significant drop in the stock’s value following its inability to secure investment from a prominent automotive company.
Fisker retains the option to reassess the NYSE’s decision to delist. On Monday morning, the company announced that discussions with a major automaker regarding a potential agreement had fallen through. Fisker is unable to fulfill a closing requirement for a previously agreed-upon $150 million financing commitment. The company is actively considering other strategic options.
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