The Swedish authorities are now threatening to forcibly dissolve the Swedish branch of Fisker Inc. The threat is due to Fisker's very small board.
Swedish drivers cannot lease a car from Fisker Inc.
This is because the company Fisker Sweden AB has a very small board. And that leasing companies may not do business with companies whose board consists of only two people.
Fisker's board of directors for the Swedish part of the business consists of three people. Namely Henrik Fisker and his wife and marketing manager Christian Marti.
But since none of them live or have an address in Sweden, they are not valid under Swedish law. And this has caused the Swedish authority Bolagsverket to announce a dissolution of the company.
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If Fisker has not found a third board member by May 7, 2024, the Swedish authorities will proceed to compulsorily dissolve Fisker Sweden AB.
Fisker in Sweden apologizes by saying that the notice of compulsory dissolution comes because the appointment of a third board member has been delayed.
– The administration is currently working to close this information gap, reads a comment from the company to the media Carup .
Should Fisker in Sweden be forcibly dissolved by the authorities, this means that the assets in the company will be sold to pay any debts to creditors. If there is anything left, those values will go to the owners. In this case Henrik Fisker and his wife Geeta Gupta.
However, the problems in Sweden are not the only thing Fisker Inc. Fight with. On Monday of this week, the car brand was thrown completely off the stock exchange in New York. And on Tuesday, Fisker presented annual accounts for 2023.
It is scary reading for investors, management and Fisker owners alike. Despite a turnover of just under 2 billion Danish kroner, Fisker Inc. namely lost DKK 6.54 billion last year.
In the same vein, Fisker Inc. warns stating that they will seek bankruptcy protection within the next 30 days. Read more about it here .
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