secwatch.observer — SEC 8-K summary
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Issuer:     Fisker Inc./DE (—)
CIK:        0001720990
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001193125-24-087419
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fisker enters forbearance on $182.65M notes after defaults; forbearance ends April 21
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- Specified Defaults include NYSE trading suspension and missed $B-1 installment due March 29, 2024.
- Forbearance runs April 4–21, 2024; noteholder can accelerate notes if Forbearance Default occurs.
- $500k forbearance fee: $250k cash + $250k PIK added to principal of Notes pro rata.
- Noteholder retains conversion rights at lowest Conversion Price; company acknowledges $182.65M principal due.
- Company also faces potential default on $2026 Notes if interest not paid by April 14.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524087419/0001193125-24-087419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524087419/d794769d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-087419

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