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Fisker delisted from NYSE; loses deal to secure emergency funding
EV Economy
Mar 26, 2024
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Mar 26, 2024

Fisker delisted from NYSE; loses deal to secure emergency funding

Listing

  • Shares of Fisker, an NYSE-listed EV manufacturer, were suspended from trading and the company was delisted from the NYSE due to abnormally low share prices, trading below USD 1.

  • The company has also lost a potential deal with a major automaker to secure emergency funding.

  • Fisker has been dealing with customer complaints, lawsuits, and federal investigations that have been escalating for months. The company also struggled to sell its Ocean SUV early on, missing its internal sales targets. It has moved away from a direct sales model and turned to dealers to help drive sales. 

  • Last month, the company laid off 15% of its workforce, which is approximately ~200 people. 

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