secwatch.observer — SEC 8-K summary
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Issuer:     Fisker Inc./DE (—)
CIK:        0001720990
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001193125-24-137336
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524137336/0001193125-24-137336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720990/000119312524137336/d801650d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-137336

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