Fisker’s CEO Reveals Potential Acquisition Talks as Company Faces Insolvency Risk

Fisker’s CEO, Henrik Fisker, announced during an all-hands meeting on Thursday that the company is in talks with four automakers about a potential acquisition. Despite these discussions, Fisker has warned that it could go out of business this year. The company has not disclosed the identities of the automakers or how long the due diligence process might take.

Earlier this year, a possible deal with Nissan fell through. Fisker has been working with Deutsche Bank to find a buyer but so far no offer has met the company’s expectations. A recent regulatory filing indicated that Fisker only had $54 million in cash equivalents as of April 16, which may not be enough to meet its obligations.

Fisker’s warning to investors about bankruptcy protection came after they failed to secure a buyer and their liquidity was running low. The all-hands meeting followed this announcement, and Fisker stated that they are open to other offers while working with the potential suitors. As of now, the company’s future remains uncertain and they are actively seeking a solution to secure their financial standing.