Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Everybody that bought Carvana after the bankruptcy banked...in a big way!!!!!!!
$FSRN
Fisker Group Inc. Files for Chapter 11
In advanced discussions with financial stakeholders regarding debtor-in-possession financing
LOS ANGELES--(BUSINESS WIRE)-- Fisker Group Inc. (“Fisker”), the operating subsidiary of Fisker Inc., today announced that it filed for Chapter 11 protection in the District of Delaware on June 17, 2024. It is in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the sale of its assets.
“Fisker has made incredible progress since our founding, bringing the Ocean SUV to market twice as fast as expected in the auto industry and making good on our promises to deliver the most sustainable vehicle in the world,” said a Fisker spokesperson. “We are proud of our achievements, and we have put thousands of Fisker Ocean SUVs in customers’ hands in both North American and Europe. But like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently. After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company.”
Fisker’s previously announced manufacturing pause will remain in place. Fisker intends to file certain customary motions with the Bankruptcy Court to ensure its reduced operations are able to continue, including paying employee wages and benefits, preserving certain customer programs, and compensating needed vendors on a go-forward basis. Fisker Inc. and other U.S. subsidiaries, as well as subsidiaries outside the U.S., are not included in the Chapter 11 filing at this time.
Fisker is represented by Davis Polk & Wardwell LLP and Morris, Nichols, Arsht & Tunnell LLP as legal advisors and Huron Consulting Group as restructuring advisor.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by designing and developing individual mobility in alignment with nature. Passionately driven by a vision of a clean future for all, the company is on a mission to create the world’s most sustainable and emotional electric vehicles. To learn more, visit Fiskerinc.com and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, X, YouTube, and LinkedIn.
Download the revolutionary new Fisker mobile app from the App Store or Google Play.
https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240617048760r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20240617048760/en/
Media:
Matthew DeBord
VP, Communications
mdebord@fiskerinc.com
Rachel Chesley / Jennifer Mercer
FiskerCommunications@fticonsulting.com
Source: Fisker Inc.
© Copyright Business Wire 2024
https://www.otcmarkets.com/stock/FSRN/news/story?e&id=2893333
I'm betting there is..!!!!!
Let's hear what's up on Thursday!!!
Let's see!!
Definitely more to this story, and I’m betting we find out within the next 48 hours. FSRN
Thought we didn't trade pre market..lol
Down 40% premarket. I’m adding more!! FSRN
Definitely more to this story, and I’m betting we find out within the next 48 hours. FSRN
What's he going to do, stand up at the meeting, and say hi, everybody, I just filed bankruptcy. Maybe there's more to this story??????
We can try to hang our hats on that but!!!
Can't wait to hear what he has to say now at the meeting!!!!!!!
Fisker Inc. and other U.S. subsidiaries, along with subsidiaries outside the U.S., are not currently included in the bankruptcy filing. Fisker says that it’s in advanced talks with financial stakeholders about debtor-in-possession financing and selling its assets.
Fisker Inc. and other U.S. subsidiaries, along with subsidiaries outside the U.S., are not currently included in the bankruptcy filing. Fisker says that it’s in advanced talks with financial stakeholders about debtor-in-possession financing and selling its assets.
Where are you??
Buy the day of the announcement, then hold long and strong, right?
Is this what your doing??
Already posted..!!
EV Maker Fisker Files for Bankruptcy After Its Glitchy SUV Flops
Fisker Inc. filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV.
https://financialpost.com/pmn/business-pmn/ev-maker-fisker-files-for-bankruptcy-after-its-glitchy-suv-flops
“Sweet Caroline” is echoing across Boston pic.twitter.com/J1BatvMa7n
— Barstool Sports (@barstoolsports) June 18, 2024
Fisker Group Inc. is not the same as Fisker Inc., although they are related. Fisker Group Inc. is a holding company, while Fisker Inc. is the electric vehicle manufacturer known for its EV models such as the Fisker Ocean.$fsrn https://t.co/7OuFg72XeF
— Gsyidthsyucru (@FAa172830479777) June 18, 2024
$FSRN Fisker files for bankruptcy.https://t.co/QLyiBcTAJO
— Bio Stocks™ (@BioStocks) June 18, 2024
As a person who started his career buying bankruptcy stocks maybe I can save someone some money!! Run as fast as you can 🥫!!
One way or the other, place your bets
Richy Rich is playing with his dad’s money
He does not give a shit!
BUT DAD is betting on FISKER Bankruptcy!
Buy the day of the announcement, then hold long and strong, right?
TATA GOOD NIGHT I MEAN MOTORS
Hey crow what day are gonna be bought announcement? Final Countdown
Hey Sporty, when will the Fisker Bankruptcy be announced?
Neither have I.
I concur. In close to twenty plus years of investing and I-HUB since 2006, I have NEVER, and would NEVER post on a message board where I did not have a financial interest/angle.
I concur. In close to twenty plus years of investing and I-HUB since 2006, I have NEVER, and would NEVER post on a message board where I did not have a financial interest/angle.
As for FSRN, on the cusp of a CEO in person presentation on Thursday, I anticipate some clarity as to FSRN's business model and future.
My thoughts exactly😎 I’m here for the FISK/REWARD💰
Even the most naive will admit Fisker $FSRN is massively shorted. Any offer will boost the share price, especially if Fisker is following Carvana $CVNA lead by restructuring outside Ch 11.
$FSRN
My thoughts as a $FSRN shareholder
Well I guess you won't be owning or own any $FSRN.
In my opinion, somebody who's a non-shareholder only posting on same stock board must have some kind of Interest?
Yes car manufacturers go bankrupt and shareholders lose everything. What was the drop the mic part ?
Yes and shareholders lost everything. The same will happen here if they can miraculously find some way to restructure the debt . Nothing left here but flipping for fractions of a penny .
Volume is to pathetic to even pull that off .
Every car manufacturer isnt broke, insolvent and in default on their debt . So your point is pointless.
Lol
Haaaa
Let me know next time I'll PayPal ya..
$FSRN
sorry, needed the money
Cheers
Fisker $FSRN CEO Heads to EV Conference. Will it be to announce a deal with Tata Auto Group?https://t.co/QktKCHbre5 $FSRN
— ValInv (@ValInv1) June 17, 2024
16k buy at .0465
1 share sell at .0451
$FSRN
719k shares someone loading the boat
Tata Motors 992.00 a share
I just Hate when people start spewing false information about any stock!! FISKER WINS💰
Might have been a mic drop post!!!
$FSRN
Agree….thank so much. It’s so special having close family relations, wouldn’t trade it for anything. Elderly parent situation setting in though.
You know how much the buyout was for Ford???
6 billion with a B
https://www.freep.com/story/money/cars/ford/2020/07/29/ford-government-loan-department-energy-debt/5526413002/
Nice..
Spend as much time as you can with him...!!!
I miss my dad every day!!!
$FSRN
Ty! Hope y’all had a great FDW as well!! It was great to see my Dad, had to leave my his-band behind though. He had good weekend though……he golfed all weekend!
Those you list are all great companies that are not going BANKRUPT!
Fisker has to many issues, have you counted all of them?
$FSRN Dear Fisker Stock Fans, Mark Your Calendars for June 20https://t.co/OjT0A8Y7FX
— InvestorPlace (@InvestorPlace) June 17, 2024
Every car manufacturer has issues!! What’s your point? FSRN LIVING RENT FREE IN YOUR HEAD!!💰💰
https://www.nhtsa.gov/press-releases/kia-telluride-recall-fire-risk
https://gmauthority.com/blog/2024/05/gm-recalls-cadillac-chevy-and-gmc-evs-for-loss-of-propulsion-issue/#:~:text=GM%20has%20issued%20a%20safety,including%20while%20it%20is%20driving.
https://www.caranddriver.com/news/a61038569/2024-ford-mustang-manual-fire-risk-recall/
https://www.kbb.com/bmw/recall/
EV startup Fisker to recall 18,000 vehicles in latest setback
Reuters 2024-06-12T08:21:00-04:00
(Reuters) - Fisker (FSRN.NaE) said on Wednesday it was recalling more than 18,000 cars in North America and Europe due to faulty software and non-compliance with safety standards, in the latest setback for the cash-strapped electric-vehicle startup.
The Manhattan Beach, California-based company is "voluntarily recalling" 11,201 Fisker Oceans in the U.S., Canada, and Europe to fix software issues that may cause the vehicle to enter a safe state protection mode, potentially leading to a loss of motor power.
It is also recalling 6,864 Fisker Oceans in the U.S. as they do not meet Federal Motor Vehicle Safety Standards (FMVSS) for gauges and telltale icons in the cluster display. It is also recalling 281 of the vehicles in Canada.
The startup plans to resolve the issues through an over-the-air update to its Ocean OS vehicle software by June 30.
Vehicles that have already updated to the latest version of the software are not affected by the recall action, it said.
Fisker's (FSRN.NaE) Ocean SUV, its only model in production currently, is being investigated by the U.S. National Highway Traffic Safety Administration for four safety-related incidents.
The latest probe, announced last month, is looking into complaints about its automatic emergency braking system being activated inadvertently.
Its Austrian unit filed for bankruptcy protection in May even as the cash-strapped EV startup is looking for investment options after talks for a potential investment with a major automaker collapsed.
(Reporting by Priyanka.G in Bengaluru; Editing by Sonia Cheema and Tasim Zahid)
Geeze..totally forgot..
Don’t forget Wednesday is a market holiday folks!! FSRN WINNING💰
Juneteenth
Don’t forget Wednesday is a market holiday folks!! FSRN WINNING💰
Followers
|
235
|
Posters
|
|
Posts (Today)
|
8
|
Posts (Total)
|
6520
|
Created
|
06/10/20
|
Type
|
Free
|
Moderators Carjockey2 Pokerpro05 Jaxxm |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |