Fisker Raises Additional Growth Capital From Existing Investor; Funding Is $150 Million, With An Additional $550 Million Available
Fisker Raises Additional Growth Capital From Existing Investor; Funding Is $150 Million, With An Additional $550 Million Available
09/29/23, 6:49 PM
Location
los angelesIndustry
automotive
manufacturing
Investors
Fisker
Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today its intention to offer $170,000,000 in aggregate principal amount of 0% senior unsecured convertible notes due 2025 (the “Notes”) to an existing institutional investor (the “Investor”), with such Notes having an original issue discount of approximately 12%, resulting in gross proceeds of $150,000,000 to Fisker.
Company Info
Location
los angeles, california, united states
Additional Info
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles.
3 (or approximate local currency equivalent)