Written by Cláudio Afonso | [email protected] | LinkedIn | X
The electric vehicle (EV) startup Fisker announced on Monday Michael Healy, senior managing director at FTI Consulting, as its new chief restructuring officer. This decision follows the company’s recent agreement with an investor, set to expire on April 26.
According to the 8-k filing, if the investor hasn’t accepted an offer for the purchase of its notes by 12:01 a.m. ET on Tuesday, Healy will be replaced by John DiDonato from Huron Consulting Group.
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Fisker has recently withdrawn all financial and operational guidance for 2024 and appointed both Deutsche Bank and PJT Partners as financial advisors to explore strategic alternatives.
“Mr. Healy has extensive experience which includes advising companies, creditors, shareholders and other interested parties on restructuring transactions both in Chapter 11 and in non-bankruptcy driven resolutions,” Fisker stated.
The appointment of Healy comes after the resignation of Mark E. Hickson on April 16 from the Board and the Audit Committee of the Board.
Fisker received the delisting notice of its stock from the New York stock exchange on March 25 and started trading on the OTC market, where securities trade via a broker-dealer network.
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During the weekend, Fisker organized 15 in-person events for owners throughout the United States and Canada, amid Earth Day celebrations. These gatherings occurred in various locations, including San Diego, Manhattan Beach, Nashville, Denver, Atlanta, and Ontario.
The company has recently announced new dealer partners in the U.S. and Europe having now six dealer partner locations in the U.S. (Miami and Jacksonville) and 12 in Europe.
As of today, Fisker has dealer partners in Denmark, Austria, France, Germany, Norway, and Switzerland. The company said recently it remains committed to “deliver an exceptional Fisker experience, with ongoing software updates, service, customer support, and an easy purchase process with its Dealer Partners”.
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Earlier this month, in a private Facebook group with over three thousand owners, investors, and enthusiasts of the brand, a long message enhanced its goal of providing a smooth experience to all the customers who bought Fisker’s Ocean SUV.
In late March, Fisker started considerable discounts on the 2023 inventory with the Extreme variant now starting at $37,499 (down from $61,499), the Ultra variant starting at $34,999 (from $52,999), and the Sport’s one at $24,999 (from $38,999).
Fisker shares in the OTC market surged 17.94 percent on Monday closing at $0.0526 per share.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
