Written by Cláudio Afonso | [email protected] | LinkedIn | X
Fisker shares are surging 30.77 per cent this Friday as investors wait further updates from the U.S. startup on its financial situation. On Thursday, and only 24 hours after withdrawing all financial and operational guidance for 2024, Fisker appointed both Deutsche Bank and PJT Partners as financial advisors to explore strategic alternatives.
Last week, the company said 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”.
On March 29, 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).
The investors are banking on the proceeds generated from the sales of the 2023 inventory to bolster the company’s chances of survival and reigniting operations across its various markets. In recent weeks, several employees of the electric vehicle manufacturer have disclosed that they were laid off due to the company’s severe financial crisis.
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.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
