FSR Stock Soars as Fisker Strategizes to Avoid Bankruptcy

This week, The Wall Street Journal reported that Fisker (NYSE:FSR) had hired financial adviser FTI Consulting and law firm Davis Polk to assist with a possible restructuring and bankruptcy filing.The company had recently noted that it expected to have “substantial doubt” about its ability to continue as a going concern once it submitted its financial statements for 2023. Fisker also added that it would lay off about 15% of its workforce in order to cut costs and increase liquidity. On March 1, the electric ...