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The negotiation betweenFiskerand a orotund automaker — reportedto be Nissan — over a potential investment and quislingism have been end , a ontogenesis that puts a separate near - terminal figure delivery financial backing effort in danger .
Fisker disclose in a Monday dayspring regulatoryfilingthat the car manufacturer terminated the negotiation March 22 . It did not excuse why . But the fellowship had to keep the negotiation going as part of one of the closing conditions for a potential $ 150 million translatable noteannounced last week . Fisker said in the filing that it will ask the unnamed investor to waive the closing condition .
The inauguration ’s stock immerse 28 % after the stock market opened , and trading was stop .
It ’s the modish in a series of ominous polarity for the menace EV inauguration . Fisker has struggled to trade its Ocean SUV in the early going , underachieve its own internal sales goals , asTechCrunch report in January , and forcing a pivot away from a direct sales exemplar . Some of the cable car that have been delivered have been affected by a number of character problem — ones that Fisker has , at time , struggled to solve , grant to internal documents .
In February , Fisker laid off 15 % of its staff ( around 200 the great unwashed ) and last week account having just $ 121 million in the camber . The companyhas hesitate productionand warned investors it would not pull through a year without a fresh infusion of cash . Fisker held talks with other car manufacturer , includingMazda , but only Nissan recently remained at the table .
Fisker say Monday morning that it is evaluating other “ strategical option ” to the potential tie-up - up with Nissan , including “ in or out of court restructurings , capital markets transaction ( subject to market place consideration ) , repurchases , repurchase , exchange or other refinancings of its existing debt , the possible issuance of fairness securities , the potential sales event of assets and businesses and/or other strategic transactions and/or other criterion . ”
