Fisker Inc. said on Thursday this week that the car brand does not have enough cash to make ends meet over the next twelve months.
Fisker Inc. is on the hunt.
In a press release , the car brand writes that it probably does not have enough money to keep the business going within the next 12 months.
Therefore, the car brand, which was founded by Danish Henrik Fisker, is now looking for further investment in order to continue operations.
The investment(s) can i.a. come from an as-yet-unnamed car brand, which Fisker says they are in negotiations with.
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At the same time, it has emerged that Fisker plans to fire 15 percent of its employees. The announcement from Fisker caused the brand's already suffering stock to fall by a further 37 percent on Thursday.
– In the current situation, Fisker's funds are insufficient to cover its obligations over the next 12 months.
– The company needs additional investments or debt financing. And there is no guarantee that Fisker can achieve this, says the company.
The press release also states that Fisker may be forced to wind down the business if the desired investment or debt agreement is not achieved.
