Fisker, an US electric car start-up, is on the brink of liquidation following its bankruptcy filing. The company had initially planned to secure additional financing and continue operations on a reduced scale, but has now determined that obtaining the necessary funds is unlikely. As a result, Fisker is making preparations to sell off its assets.
Fisker’s stock is essentially worthless but is still being traded after failed negotiations with a major car manufacturer. The company’s Austrian subsidiary, Fisker Austria, is also facing insolvency and restructuring processes are underway in Graz. With liabilities amounting to 1.34 billion euros, Fisker Austria’s goal is to reach a restructuring agreement that entails a 30 percent repayment over two years.
Recent reports and hearings on the insolvency proceedings of Fisker Austria provided insight into the company’s financial situation. Of the 161 registered claims, more than 1.16 billion euros have been filed, with over 10.92 million euros recognized and 1.15 billion euros being disputed. The future of Fisker Austria heavily depends on the success of its restructuring efforts and the ability to attract an investor.
Japan recently introduced new banknotes for the first time in twenty years, featuring 3D holograms…
Ohio State is now focusing on recruiting three-star prospect Shekai Mills-Knight after missing out on…
On Tuesday, the European stock exchanges experienced a significant drop, including the Helsinki Stock Exchange.…
Wildlife photographer Jaime Rojo captured the incredible sight of millions of sleeping Monarch butterflies adorning…
E.Merge Technology Acquisition Corp. (OTCMKTS:ETACU – Get Free Report) experienced a decrease in trading on…
The recent economic downturn caused by Covid-19 has dealt another blow to the US economy,…