Fisker Raises Additional Capital Ahead of Electric SUV Production Start

Electric vehicle startup Fisker raising more capital through convertible notes offering
Fisker stock trading higher after initial dip on financing news
Notes convertible into common stock at $13 per share
Fisker targeting production start of Ocean SUV in November
Financing provides Fisker with additional capital ahead of Ocean production

barrons.com

Relevant topic timeline:

8/28/2023

EV Start-up Fisker Expands Deliveries to 3 New Countries. The Stock Is Rising.

EV start-up Fisker is expanding deliveries of its Ocean SUV into more countries, resulting in a rise in the company's stock.

9/26/2023

Fisker Stock Rises as EV Startup Nears Ocean SUV Delivery

Electric-vehicle start-up Fisker is expected to meet its delivery guidance for the year.

9/26/2023

Fisker Ramps Up Ocean EV Production to Meet Strong Demand

Fisker has reached a production milestone of 5,000 Ocean electric SUVs, with plans to increase daily deliveries to 300 vehicles to meet high demand for the electric SUV.

9/29/2023

Fisker Secures $700M in New Funding to Ramp Up Electric SUV Production

Electric-vehicle startup Fisker Inc. has raised $150 million through the issue of convertible bonds and has an additional $550 million in funding available, with plans to use the proceeds to increase deliveries of its flagship Ocean sports utility vehicle.

9/30/2023

Tesla and Rivian Face Production Woes While Lucid and Nio Expand Overseas Amid Growing EV Market

Electric vehicle stocks ended higher in the week despite the muted sentiment in the broader market, with Tesla bouncing back and Rivian surging, while Faraday Future's shares plunged on a proposed stock sale and Chinese EV startup Nio rumored to explore a partnership with Mercedes-Benz.