---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-184227"
form_type: "8-K"
ticker: null
cik: "0001720990"
company_name: "Fisker Inc./DE"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:38:00.650124+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fisker enters $340M convertible notes offering; potential to increase to $680M

## Summary
- 340M aggregate principal of 0% convertible notes due 2025; 12% OID yields 300M gross proceeds.
- Conversion price: $7.80 per share; up to ~43.6M shares issuable upon conversion.
- Investor can purchase additional $226.7M notes; Fisker can then require $113.3M more, total potential $680M.
- Net proceeds ~$296.7M for general corporate purposes including battery pack line, sales & marketing.
- Notes mature on second anniversary; interest 0% (18% on default).

## SEC filing metadata
- accession: 0001193125-23-184227
- form_type: 8-K
- cik: 0001720990
- company_name: Fisker Inc./DE
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720990/000119312523184227/0001193125-23-184227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720990/000119312523184227/d500522d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-184227
- JSON: https://secwatch.observer/filing/0001193125-23-184227.json
- Plain text: https://secwatch.observer/filing/0001193125-23-184227.txt

## Key facts
- Debt Financings
  Fisker Inc./DE incurred senior notes of $340,000,000 at 0% maturing the second anniversary of the Closing Date.
  - Instrument: senior notes
  - Principal: $340,000,000
  - Rate: 0%
  - Maturity: the second anniversary of the Closing Date
  - Event: incurrence
  source text: On July 10, 2023, we entered into the Securities Purchase Agreement pursuant to which we agreed to offer and sell, subject to certain conditions, the Notes in the aggregate principal amount of $340,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312523184227/0001193125-23-184227-index.htm
- Material Agreements
  Fisker Inc./DE entered into Securities Purchase Agreement with an institutional investor valued at $340,000,000 (effective 2023-07-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: an institutional investor
  - Value: $340,000,000
  - Effective: 2023-07-10
  source text: On July 10, 2023, Fisker Inc. (the “Company,” “we,” “us” or “our”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”) pursuant to which the Company agreed to sell, and the Investor agreed to purchase, $340,000,000 in aggregate principal amount of 0% senior unsecured convertible notes due 2025 (the “Notes”) in a registered direct offering (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312523184227/0001193125-23-184227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.