Reported 8 months ago
Electric vehicle startup Fisker, which recently sought Chapter 11 protection, announced that its U.S. units have also filed for bankruptcy. The company, which went public in 2020, disclosed its assets estimated between $500 million and $1 billion, with liabilities ranging from $1 billion to $10 billion. Fisker Group Inc, its operating unit, initiated Chapter 11 protection earlier in the week and plans to sell assets and restructure debt after failing to secure an investment from a major automaker.
Source: YAHOO