---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-137336"
form_type: "8-K"
ticker: null
cik: "0001720990"
company_name: "Fisker Inc./DE"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:29:42.196977+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fisker raises $3.456M in senior secured notes due June 24; potential to increase to $7.5M

## Summary
- Issued $3.456M principal senior secured notes to existing institutional investor, closed May 10, 2024.
- Notes mature June 24, 2024; interest rate = 3-month SOFR + 12% (default rate 15%).
- Gross proceeds used per approved budget; potential for additional $4.044M in Additional Notes.
- Company must deliver a liquidation plan to investor by May 23, 2024; retains chief restructuring officer.
- Notes secured by substantially all assets; covenants restrict indebtedness, liens, dividends, and asset sales.

## SEC filing metadata
- accession: 0001193125-24-137336
- form_type: 8-K
- cik: 0001720990
- company_name: Fisker Inc./DE
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720990/000119312524137336/0001193125-24-137336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720990/000119312524137336/d801650d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-137336
- JSON: https://secwatch.observer/filing/0001193125-24-137336.json
- Plain text: https://secwatch.observer/filing/0001193125-24-137336.txt

## Key facts
- Debt Financings
  Fisker Inc./DE incurred senior notes of $3,456,000 in aggregate principal amount of senior secured notes due 2024 with holder of the 0% senior convertible notes due 2025 (the "Investor") at three-month Secured Overnight Financing Rate plus 12.0% maturing June 24, 2024.
  - Instrument: senior notes
  - Principal: $3,456,000 in aggregate principal amount of senior secured notes due 2024
  - Counterparty: holder of the 0% senior convertible notes due 2025 (the "Investor")
  - Rate: three-month Secured Overnight Financing Rate plus 12.0%
  - Maturity: June 24, 2024
  - Event: incurrence
  source text: pursuant to which the Company agreed to sell, and the Investor agreed to purchase, $3,456,000 in aggregate principal amount of senior secured notes due 2024 (the "Notes")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312524137336/0001193125-24-137336-index.htm
- Material Agreements
  Fisker Inc./DE entered into Securities Purchase Agreement with the holder of the 0% senior convertible notes due 2025 (the "Investor") valued at $3,456,000 (effective 2024-05-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: the holder of the 0% senior convertible notes due 2025 (the "Investor")
  - Value: $3,456,000
  - Effective: 2024-05-10
  source text: On May 10, 2024, Fisker Inc. (the “Company,” “we,” “us” or “our”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with the holder of the 0% senior convertible notes due 2025 (the “Investor”) pursuant to which the Company agreed to sell, and the Investor agreed to purchase, $3,456,000 in aggregate principal amount of senior secured notes due 2024 (the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720990/000119312524137336/0001193125-24-137336-index.htm

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