Fisker Inc.: In Financial Crisis and Considering Acquisition Talks with Automakers

Fisker, the CEO of the company, recently held an all-hands meeting with staff members to discuss the current financial situation of the company. During this meeting, he revealed that Fisker is in discussions with four different automakers about a potential acquisition. While employees have some time to receive other offers, four car companies have already signed non-disclosure agreements and are going through their due diligence processes.

The identities of the automakers involved in these talks were not disclosed, nor was an estimated timeline for when any potential agreements may be reached. Earlier this year, a deal with Nissan fell through, and Fisker has been working with Deutsche Bank to explore other potential buyers ever since. Despite efforts to secure a buyer, one offer received so far was deemed insufficient by the company.

This all-hands meeting took place after Fisker warned investors that bankruptcy protection may be necessary within the next 30 days if additional liquidity is not secured. The company reported having only $54 million in cash equivalents as of April 16 and expressed concerns that this would not be enough to meet current obligations.

A spokesperson for Fisker declined to comment on the situation. If you have any information on this matter or work for Fisker and would like to share insights, please contact the reporter via email at gkay@businessinsider.com.