Fisker Addresses Bankruptcy Speculation, Focuses on Strategic Partnerships and Capital Raise

Fisker issued a statement today to address speculation about the company preparing for bankruptcy, following reports in the Wall Street Journal. The statement aims to clarify the situation amid widespread discussions on social media platforms.

MarketWatch was the first media outlet to obtain the release, titled “Fisker breaks silence about potential bankruptcy. Here’s what it had to say.” Both Wall Street Journal and MarketWatch are owned by Dow Jones, a leading provider of business news and financial information.

See also: Fisker Engages Bankruptcy Consultants, Reports Say

Earlier today, Fisker held a company-wide meeting, which lasted only a few minutes. Henrik Fisker, the CEO, emphasized the importance of customer service and advised employees to ignore media speculation.

Despite a significant decline in Fisker’s shares during the day, closing at $0.1549 (-51.94%) with a trading volume of 311.29 million shares, there was a notable recovery after hours. The stock surged to $0.2211 per share, marking an impressive increase of $0.07 (+42.74%) with a volume of 44.78 million shares.

See also: Nissan in Advanced Talks for Partnership and Investment in Fisker

In the statement, Fisker said, “As a matter of company policy, Fisker does not comment on market rumors and speculation. However, Fisker often works with outside advisors to help manage its business and assist in developing and executing strategies. Fisker is focused on raising additional capital and engaging in a strategic partnership with a large automaker. The company is also continuing to pursue its shift to a Dealer Partnership model in both North America and Europe. The leadership team is laser-focused on these efforts.”