Fisker Inc. said Monday it has closed a $170 million additional offering of 0% convertible notes due 2025 to an institutional investor with the notes...
Fisker Inc. said Monday it has closed a $170 million additional offering of 0% convertible notes due 2025 to an institutional investor with the notes offering an original issue discount of about 12%. That resulted in gross proceeds for the EV company of $150 million.
Under the terms of a purchase agreement amendment, Fisker can now offer up to an additional $623.3 million in similar notes with the same discount, giving the company additional gross proceeds of up to $550 million. The stock FSR, +0.31% was slightly lower premarket and is down 11.7% in the year to date, while the S&P 500 SPX has gained 11.7%.
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