secwatch.observer — SEC 8-K summary
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Issuer:     Fisker Inc./DE (—)
CIK:        0001720990
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001193125-23-184227
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fisker enters $340M convertible notes offering; potential to increase to $680M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720990/000119312523184227/0001193125-23-184227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720990/000119312523184227/d500522d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-184227

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