On Wednesday, the Wall Street Journal reported that electric car company Fisker has hired restructuring advisers, according to individuals familiar with the situation. This move aims to assist with a potential bankruptcy filing.
The article reports that the business has enlisted the legal firm Davis Polk and financial advisor FTI Consulting to aid in a potential bankruptcy petition. Additionally, they are seeking assistance for navigating the process.
Fisker chose not to respond.
Earlier this month, Fisker issued a warning regarding job losses and going-concern issues. It also announced a hold on investments in upcoming initiatives until it secured a manufacturer relationship.
Earlier this month, Reuters reported, citing two sources familiar with the talks, that Nissan was engaged in advanced discussions to invest in Fisker. This transaction could potentially grant the Japanese manufacturer access to an electric pickup truck.
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