Wednesday, May 22, 2024

Henrik Fisker has lost control of his car brand

Fisker Inc. expected to go bankrupt within a handful of days. In a rescue attempt, founder Henrik Fisker is now releasing control of the car brand.

If no money comes on the table, the car brand Fisker Inc. will go. bankruptcy within a few days.

But now a lifeline has been thrown out, albeit of a very modest size. According to a notice that Fisker has sent to the American stock exchange authorities, the car brand is considering a loan.

The money, $3.45 million, comes from an already-existing Fisker investor. In Danish kroner, this corresponds to just under 24 million kroner.

And there is another $4.05 million from the investor if Fisker Inc. complies with the financial plan currently laid out for the crisis-stricken brand.

READ ALSO: Henrik Fisker's house is now worth more than his car brand

A plan that means that all of Fisker's remaining employees have been notified that they have been fired if a rescue cannot be found in the end. Read more about it here.

The loan that Fisker has now received must be repaid with 12 percent interest and no later than June 24. So in just a little more than one month.

However, Fisker does not get the money out of the blue. They are given on a number of very strict conditions. By saying yes to the capital injection, Henrik Fisker has agreed to give control of Fisker Inc. on to the investor.

Just as Fisker may no longer invest further, pay out dividends or sell off the company without having turned it over with the investor in question. If Fisker does not find a sustainable solution to its problems, the brand will go bankrupt on 24 May 2024.

Read more exciting news from and about the world of cars right here!

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