Fisker in Financial Trouble: Talks of a potential bailout by a major automaker have fallen through, leaving Fisker's future uncertain. Stock Trading Halted: As a result of the failed negotiations, trading of Fisker stock has been suspended.Bleak Outlook: This turn of events raises serious questions about Fisker's ability to continue operations. Electric startup Fisker says the talks it was holding with a major automaker have broken down, leaving the company’s future in doubt.
In January of this year it fell below $1, earning the automaker a notice from the New York Stock Exchange that if it’s stock didn’t climb back up to a minimum of $1 within six months the company would be delisted. Related: Fisker Pauses Production And Raises $150M, Holds Out For OEM Rescue Fisker says it will ask investors to vote on a reverse stock split proposal at a shareholder meeting on April 24, but that’s still several weeks away.