Written by Cláudio Afonso | [email protected] | LinkedIn | X
Just a day after withdrawing all financial and operational guidance for 2024, Fisker announced the appointment of Deutsche Bank and PJT Partners as financial advisors to explore strategic alternatives, according to a new filing on Thursday.
The EV startup said that it “continues to evaluate strategic alternatives” and that such alternatives may include several options such as: “in or out of court restructurings, capital markets transactions (subject to market conditions), repurchases, redemptions, exchanges or other refinancings of the Company’s existing debt, the potential issuance of equity securities, the potential sale of assets and businesses and/or other strategic transactions and/or other measures”.
“These alternatives involve significant uncertainties, potential significant delays, costs and other risks, and there can be no assurance that any of these alternatives will be available on acceptable terms, or at all, in the current market environment or in the foreseeable future,” the company stated.
In the previously SEC filing disclosed earlier this week, announced its decision to retract all financial and operational guidance for the year 2024. Additionally, the company stated that it will abstain from issuing any updated guidance as it persists in evaluating strategic alternatives.
Additionally, the company disclosed the resignation of William R. McDermott from the board of directors of Fisker and the Audit Committee of the Board. The startup emphasized that his departure was not due to any disagreement with the company.
Recently, the company unveiled price reductions for several 2023 model year Fisker Oceans in the US, notably decreasing the price of the 2023 Ocean Extreme trim by $24,000 to $37,499 from its previous MSRP of $61,499.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
