EV start-up Fisker prepares for possible bankruptcy filing, WSJ reports (updated)
13/03/2024 20:57
(Adds details on possible bankruptcy filing and background in
paragraphs 2-4)
March 13 (Reuters) - Electric-vehicle start-up Fisker
FSR.N has hired restructuring advisers to assist with a
possible bankruptcy filing, the Wall Street Journal reported on
Wednesday, citing people familiar with the matter.
The company has hired financial adviser FTI Consulting and
the law firm Davis Polk to work on a potential bankruptcy
filing, according to the report.
Fisker declined to comment.
Earlier this month, Fisker flagged going-concern risks, job
cuts and a pause in investments into future projects until it
secures a partnership with a manufacturer.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by
Shweta Agarwal and Shounak Dasgupta)
((JaiveerSingh.Shekhawat@thomsonreuters.com))