---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-069658"
form_type: "8-K"
ticker: null
cik: "0001720990"
company_name: "Fisker Inc./DE"
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:25:11.335036+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Fisker warns of going concern, misses $8.4M interest, secures $150M convertible note

## Summary
- Missed $8.4M interest payment on 2.50% 2026 notes; 30-day grace period. Cross-default waived by 2025 note holder.
- Failed to timely file 2023 Form 10-K; default under 2025 notes waived but remedy remains available.
- Cash dropped to $120.9M as of March 15, 2024; used $906.3M in 2023 operating/investing activities.
- Secured commitment for up to $150M net proceeds from senior secured convertible notes (10% OID). First tranche $35M subject to conditions.
- NYSE notified Fisker of $1.00 minimum bid price non-compliance on Feb 15; six-month cure period.

## SEC filing metadata
- accession: 0001193125-24-069658
- form_type: 8-K
- cik: 0001720990
- company_name: Fisker Inc./DE
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.04, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/0001193125-24-069658-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/d784326d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-069658
- JSON: https://secwatch.observer/filing/0001193125-24-069658.json
- Plain text: https://secwatch.observer/filing/0001193125-24-069658.txt

## Key facts
- Debt Financings
  Fisker Inc./DE incurred convertible notes of up to $166.67 million in aggregate principal amount at 3-month SOFR plus 12% per annum maturing earlier of (i) three (3) months from the date of issuance of the First Tranche, (ii) the effective date of a registration statement for the primary sale of regi.
  - Instrument: convertible notes
  - Principal: up to $166.67 million in aggregate principal amount
  - Rate: 3-month SOFR plus 12% per annum
  - Maturity: earlier of (i) three (3) months from the date of issuance of the First Tranche, (ii) the effective date of a registration statement for the primary sale of regi
  - Event: incurrence
  source text: providing for the sale of up to $166.67 million in aggregate principal amount of senior secured convertible notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/0001193125-24-069658-index.htm
- Debt Financings
  Fisker Inc./DE reported a default on convertible notes.
  - Instrument: convertible notes
  - Event: default
  source text: Fisker did not make a required interest payment of approximately $8.4 million payable in cash on March 15, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/0001193125-24-069658-index.htm
- Debt Financings
  Fisker Inc./DE reported a default on convertible notes.
  - Instrument: convertible notes
  - Event: default
  source text: the Company is in default under the covenant requiring the Company to timely file reports
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/0001193125-24-069658-index.htm
- Material Agreements
  Fisker Inc./DE entered into Commitment with an investor valued at up to $166.67 million (effective 2024-03-18).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: an investor
  - Value: up to $166.67 million
  - Effective: 2024-03-18
  source text: On March 18, 2024, (the "Company" or "Fisker") entered into a financing commitment and term sheet (the "Commitment") with an investor (the "Investor") providing for the sale of up to $166.67 million in aggregate principal amount of senior secured convertible notes (the "2024 Notes").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/0001193125-24-069658-index.htm

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