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Discussions underway between four automakers and struggling startup for potential acquisition

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Apr 25, 2024

Henrik Fisker, the CEO of Fisker, recently spoke with all employees at a meeting on Thursday. The company is currently in discussions with four automakers for a possible acquisition, as revealed by Henrik Fisker during the meeting. Fisker also warned that the company could face bankruptcy within the year if additional liquidity is not secured.

During the meeting, Fisker mentioned that they have signed NDAs with four car companies but that due diligence will take some time. The company has been working with Deutsche Bank to find a buyer, as one previous offer was deemed insufficient. Despite being rumored to be in talks with Nissan, a potential deal fell through earlier this year.

The recent all-hands meeting with Fisker employees comes after the company’s warning to investors that it may seek bankruptcy protection within the next 30 days. According to a regulatory filing, Fisker only has $54 million in cash equivalents as of April 16, which may not be enough to meet current obligations. The company declined to comment on the situation when asked by reporters.

If you work for Fisker or have any tips, you can reach out to the reporter at gkay@businessinsider.com using a non-work email and device.

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