Fisker Inc (FSRN)

[OPKOHEALTH2022]

But today, Fisker said that its talks with a large automaker for a potential deal have collapsed. Shares fell 30% before trading was halted, and at the time it was noted that “an announcement is pending.” We now know that that announcement is from the NYSE, which is moving to delist the stock – a move which NYSE warned was possible last month.
The stock delisting means that Fisker stock (FSR) will no longer be available on the NYSE, though might be available through OTC markets. It also has ramifications for Fisker’s upcoming 2025 and 2026 convertible notes – it will be required to repurchase the 2026 notes and will default on the 2025 notes, according to Reuter