Automaker Fisker Inc. (FSR) announced on Monday that its potential deal with a large automaker regarding investments in Fisker, joint development of electric vehicles and North America manufacturing, has collapsed.
The company said that it is considering other alternatives such as repurchases, redemptions, potential sale of assets and businesses, court restructurings, and potential issuance of equity securities, to meet closing conditions with an investor, related to raising up to $150 million in funding by selling convertible notes due 2025.
Following the announcement, Fisker's stock is falling 28.13 percent, to $0.0897 on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.