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(Photo = Fisker) |
[Alpha Biz=(Chicago) Reporter Paul Lee] US electric car startup (start-up company) Fisker was on the verge of bankruptcy, and its stock price plunged 52%.
On the 14th (local time), Fisker on the New York Stock Exchange plunged 52% to 15 cents from the previous trading day. Fisker's stock price has remained below $ 1 since January.
This is because the Wall Street Journal (WSJ) cited multiple sources familiar with the issue and reported that Fisker signed a contract with a law firm in preparation for the risk of bankruptcy caused by the worsening financial structure.
When the news broke, Fisker, which plunged 47 percent in after-hours trading the previous day, further expanded its fall in the regular market and closed 52 percent down.
Last month, Fisker said in a performance announcement, "Last year's sales amounted to $273 million (about 360 billion won), and the debt amounted to about $1 billion," adding, "There are considerable doubts about our ability to maintain our business."
"We are discussing attracting funds with investors and seeking manufacturing partners in the United States," Fisker added.
Fisker also said it would cut 15 percent of its workforce.
However, it seems that they are considering bankruptcy due to circumstances.
Fisker is an electric car company founded by BMW and Aston Martin car designer Henrik Fisker.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
