Fisker Shares Up 16% on Agreement With Noteholder
January 22 2024 - 1:47PM
Dow Jones News
By Josh Beckerman
Fisker shares rose 16% Monday after the electric-vehicle company
said an agreement with a noteholder will "provide increased
flexibility and better position us to execute on potential
strategic business deals."
The stock was recently trading at 92 cents and is down about 87%
over the last 52 weeks.
Fisker and the 2025 convertible notes investor agreed that upon
a definitive agreement with a strategic OEM partner, any liens on
intellectual property would be released, further enabling strategic
collaborations. The agreement also waives all financial covenants
related to cash reserves.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 22, 2024 13:32 ET (18:32 GMT)
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