Fisker in Danger of Bankruptcy: CEO Reveals Acquisition Talks with Four Car Companies

In a recent meeting with Fisker employees, the CEO announced that the company is currently in discussions with four automakers for a possible acquisition. Henrik Fisker also warned that if additional liquidity is not secured, the company could face bankruptcy within the year.

During the meeting, Fisker revealed that they have signed NDAs with four car companies but due diligence will take some time before any decisions are made. The company has been working with Deutsche Bank to find a buyer after one previous offer was deemed insufficient. Despite rumors of being in talks with Nissan, a potential deal fell through earlier this year.

The all-hands meeting comes after Fisker issued a warning to investors that they may seek bankruptcy protection within the next 30 days. According to a regulatory filing, as of April 16th, the company only had $54 million in cash equivalents which may not be enough to meet current obligations. When asked about the situation by reporters, the company declined to comment.

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