Fisker (FSR) continues decline following successful convertible notes offering
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Fisker Announces Successful Closing of $170 Million Additional Convertible Notes Offering; Now Able to Offer Up to $623.3 Million Additional 0% Convertible Notes For Up to $550 Million in Gross Procee
October 2, 2023 6:45 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced the successful closing of its previously announced offering of $170,000,000 in aggregate principal amount of 0% senior unsecured convertible notes due 2025 (the Notes) to an 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. The sale of the Notes to the Investor was completed, and the funds were received by Fisker, on Friday, September 29, 2023.
The Notes were sold pursuant... More
Fisker Raises Additional Growth Capital From Existing Investor; Funding Is $150 Million, With an Additional $550 Million Available
September 29, 2023 8:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Fisker Inc. (NYSE: FSR) (Fisker), driven by a mission to create the worlds 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... More
