Electric-vehicle startup Fisker may file for bankruptcy as the declining pace of consumer demand weighs upon the struggling company.
In a March 15 8-K filing with the Securities and Exchange Commission, Fisker warned investors that it did not make a required interest payment of about $8.4 million payable in cash on March 15 with respect to the company’s unsecured 2.50% convertible notes.
The filing also stated Fisker has a 30-day grace period to make the interest payment.
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