secwatch.observer — SEC 8-K summary
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Issuer:     Fisker Inc./DE (—)
CIK:        0001720990
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001193125-24-069658
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.04, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/0001193125-24-069658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524069658/d784326d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-069658

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