secwatch.observer — SEC 8-K summary
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Issuer:     Fisker Inc./DE (—)
CIK:        0001720990
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001193125-24-105061
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fisker enters forbearance on $180.5M notes, appoints CRO amid default
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- Forbearance with noteholder CVI Investments until May 1, 2024; extends prior forbearance that expired April 21.
- $180.55M outstanding principal on 0% senior convertible notes; defaults include trading suspension, missed installment payments.
- Michael Healy (FTI Consulting) appointed CRO; replaced by John DiDonato if noteholder doesn't accept offer by April 25.
- Company restricted to operating under approved budget; director Mark Hickson resigned April 16.
- Forbearance Default triggers include any new Event of Default, bankruptcy filing, or failure to meet information requests by April 26.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524105061/0001193125-24-105061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524105061/d820534d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-105061

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