Fisker Inc. is the latest electric vehicle maker asking a court to retroactively validate stock issuances related to its blank-check merger that may have been unauthorized due to a legal technicality.
The company—led by veteran car designer Henrik Fisker, a rival of Elon Musk—asked Delaware’s Chancery Court on Wednesday to step in and lift “a cloud of uncertainty” after a recent court ruling. That decision called into question the investor vote authorizing Fisker to adopt a charter increasing its class A share limit from 200 million to 750 million, according to the petition.
Under Delaware corporate laws, judges have ...
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