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Things are getting pretty dire for Fisker.
Negotiations with an unnamed automaker (most likely Nissan) about a possible investment have collapsed. Trading has been halted on the company’s stock, but not before the share price plummeted 30 percent. Production on the Fisker Ocean is paused for six weeks to allow the company to raise $150 million by selling convertible notes.
It’s missing interest payments and passed the deadline to report its first-quarter earnings. We all know what comes next. This isn’t Henrik Fisker’s first rodeo.
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