Fisker Gets Notice Automaker Terminated Talks; Explores Options

Fisker said it received notice from the large automaker with which it had been in negotiations with for a potential deal that the automaker terminated the negotiations.

• Notice received after market closed on March 22
• As a result of the termination of discussions with the automaker, Fisker will not be able to meet a closing condition to the financing commitment and term sheet the company entered into with an investor on March 18
  • Company intends to engage in discussions with the investor regarding a waiver of such closing condition
• Fisker continues to evaluate strategic alternatives
  • Such alternatives may include in ...