EV startup Fisker prepares for possible bankruptcy filing, WSJ reports
FILE PHOTO: The Fisker Inc. logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2022. REUTERS/Brendan McDermid/File Photo
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(Reuters) -Electric vehicle startup Fisker (NYSE:FSR) has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The company has hired financial adviser FTI Consulting (NYSE:FCN) and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report.
Fisker declined to comment.
Earlier this month, Fisker flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a partnership with a manufacturer.
Nissan (OTC:NSANY) was in advanced talks to invest in Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck, Reuters reported earlier this month, citing two people familiar with the negotiations.
