Fisker Faces Uncertain Future After NYSE Delisting Triggers Default Risk
- Fisker stock delisted from NYSE, will move to OTC markets
- Delisting triggers requirement to repurchase 2026 notes, causing possible default
- Default on 2026 notes could also trigger default on 2025 notes
- Fisker needs to raise liquidity but will also face note redemptions
- Future uncertain; IP valuable so Fisker may be acquired or file for bankruptcy