Replies to post #5628 on Fisker Inc (FSRNQ)

[Renee]

You would need to ask FINRA or the company that question.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Werbe]

On April 22, 2024, per the 10k, they said they would file for bankruptcy relief after 30 days if no funding was found. This is below.

The Company did not make a required interest payment of approximately $8.4 million payable in cash on March 15, 2024 with respect to the 2026 Notes. At the conclusion of a 30-day grace period, the non-payment became an Event of Default with respect to the 2026 Notes, and resulted in a cross default with respect to the 2025 Notes. The Company's current forbearance agreement expires May 1, 2024 and the Company is seeking additional waivers and/or a forbearance agreement from the holder of the 2025 Notes. If the Company does not receive adequate relief from its debt holders and additional sufficient liquidity from potential liquidity providers to meet its current obligations, it expects to seek protection under applicable bankruptcy laws in multiple jurisdictions within 30 days from the issuance of these financial statements (see further discussion of, among other items, waivers, forbearance of the 2025 Notes and delisting considerations within Note 20, Subsequent Events).

Pull of the bankruptcy filings and the corporate structure is laid out, all stemming from the SPAC reverse merger in 2017/2020. This ticker has tons of debt and little cash to pay it, were talking about owing regular vendors like Adobe, Google, FedEx tens of millions. I will snap any pages you would like or drop me your email and I will send you the bankruptcy filing from Pacer.