Fisker said in a statement last night: “As a matter of company policy, Fisker does not comment on market rumors and speculation. However, Fisker often works with outside advisors to help manage its business and assist in developing and executing strategies. Fisker is focused on raising additional capital and engaging in a strategic partnership with a large automaker. The company is also continuing to pursue its shift to a Dealer Partnership model in both North America and Europe. The leadership team is laser-focused on these efforts.” Shares of Fisker are up 28% to 20c in early trading. The stock traded this week after the Wall Street Journal reported that Fisker has hired restructuring advisors FTI Consulting and the law firm Davis Polk to help with a potential bankruptcy filing for the company.
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Read More on FSR:
- Fisker Gears Up for Potential Bankruptcy; Stock Drops 47%
- Fisker sinks 41% to 19c after WSJ report on possible bankruptcy
- Fisker preparing for possible bankruptcy filing, WSJ says
- Fisker Stock: Near-Death Experience, or Deep Discount Bargain?
- Fisker (NYSE:FSR) in “Survival” Mode, Shares Sink
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