Fisker Group Inc. Files for Chapter 11
2024年6月18日 - 3:24PM
ビジネスワイヤ(英語)
In advanced discussions with financial
stakeholders regarding debtor-in-possession financing
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.
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