In an unexpected turn of events, the New York Stock Exchange (NYSE) has suspended trading of Fisker’s shares, citing the electric vehicle startup’s failure to meet the required standards due to abnormally low price levels. This development adds a new layer of complexity to Fisker’s already tumultuous journey in the...
Fisker’s Financial Fray: Seeking Stability in Stormy Seas
Fisker, the electric vehicle startup, finds itself navigating through tumultuous financial waters as it engages with bankruptcy advisers amidst an ongoing search for vital funding. This development comes as the company faces a cash crunch, with its future hinging on securing a lifeline to continue operations. The Quest for Capital...