Overview

• Fisker Inc. has paused its electric vehicle production for six weeks due to financial struggles and a potential bankruptcy.
• The company is in negotiations with a large automaker for a possible investment or partnership.
• Fisker failed to make an $8.4 million interest payment and is utilizing a 30-day grace period for discussions on its capital structure.
• The startup aims to raise up to $150 million through the sale of convertible notes to stay afloat.
• Fisker's stock has plummeted, trading at 15 cents per share, significantly below its peak value.