Fisker falls after co raises going concern doubts

Fisker

29/02/2024 21:33

** Shares of EV startup Fisker  FSR.N  down 17.6% at $0.60
in extended trade
    ** Co raises substantial doubts about its ability to
continue as a going concern
    ** Also misses Q4 revenue expectations
    ** Co says it intends to reduce its workforce by about 15%
and reduct overall expenses to address potential liquidity
issues
    ** In 2023, shares fell about 75%

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))