Brief: Fisker Group Says Files For Chapter 11 Bankruptcy; In Advanced Discussions With Stakeholders Regarding Debtor-In-Possession Financing & Sale Of Assets

Fisker

18/06/2024 07:26

June 18 (Reuters) - Fisker Inc  FSR.N :
    * FISKER GROUP INC. FILES FOR CHAPTER 11
    * IN ADVANCED DISCUSSIONS WITH FINANCIAL STAKEHOLDERS
REGARDING
DEBTOR-IN-POSSESSION FINANCING AND SALE OF ITS ASSETS
    * FISKER INC. AND OTHER U.S. SUBSIDIARIES, AS WELL AS
SUBSIDIARIES
OUTSIDE U.S., ARE NOT INCLUDED IN CHAPTER 11 FILING AT THIS TIME
    * FISKER'S PREVIOUSLY ANNOUNCED MANUFACTURING PAUSE WILL
REMAIN IN
PLACE.
    * . AND OTHER U.S. SUBSIDIARIES, AS WELL AS SUBSIDIARIES
OUTSIDE
U.S., ARE NOT INCLUDED IN CHAPTER 11 FILING AT THIS TIME
    * DETERMINED THAT PROCEEDING WITH A SALE OF OUR ASSETS UNDER
CHAPTER 11 IS MOST VIABLE PATH FORWARD FOR COMPANY

Source text for Eikon:  ID:nBw7sj2Gwa 
Further company coverage:  FSR.N 

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