other material
confidence high
sentiment negative
materiality 1.00
Fisker Inc./DE: going-concern / distress — Fisker Group Inc. files Chapter 11 bankruptcy; subsidiaries follow on June 19, 2024
Fisker Inc./DE
- Fisker Group Inc. filed Chapter 11 on June 17, 2024; other US subsidiaries joined on June 19, 2024.
- Bankruptcy Court granted joint administration under case no. 24-11390 (TMH); debtor-in-possession operations.
- Chapter 11 filing triggered automatic acceleration of 2.50% convertible senior notes due 2026; enforcement stayed.
- Debtors obtained interim cash collateral access through June 28, 2024; further hearing set for June 27, 2024.