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California-based Fisker, which listed via a SPAC in 2020, received a notice from the New York Stock Exchange for non-compliance as its stock closed at under $1 on average for 30 trading days ...
Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.
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On June 28, 2021, Fisker stock was added to the Russell 3000 Index. [34] On July 28, 2021, Fisker announced it would invest $10 million in private investment in public equity funding in an EV charging company. [35] Henrik Fisker announced in 2022 that Fisker Inc. would set up its first India entity, a global technology center, in Hyderabad.
Later in the day, the New York Stock Exchange announced it planned to delist Fisker’s stock due to “abnormally low” price levels. That delisting will mean the company must offer to buy back ...
Michaeli downgraded the stock to Neutral/High Risk (equivalent of a Hold) and cut his price target to $.80 from $4. In Q4, Fisker reported revenue of $200.1 million, missing Bloomberg consensus ...
Shares in Fisker tumbled last week after the group received a non-compliance letter from the NYSE after its share price closed below $1 on average for 30 trading days.
Cash-strapped Fisker's shares skid nearly 47% on Friday after the electric vehicle startup flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a ...