Fisker gets $3.5M in additional financing via short-tern loan

In a regulatory filing, Fisker said that on May 10, it entered into a Securities Purchase Agreement with the holder of the 0% senior convertible notes due 2025 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 in a private offering in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended. The Offering closed on May 10. The gross amount of proceeds to us from the Offering was $3,456,000. Fisker intends to use the proceeds from the Offering solely to finance expenses consistent with the Approved Budget.