July 10, 2023 — Fisker announced plans to sell $340 million in convertible debt, expecting the net proceeds to be $296.7 million. The automaker said it planned to use the funds to support its general corporate operations and add an additional battery pack line to “support growth” in 2024 and beyond. The company said funds will also be used for capital expenditures and the development of future products.
Fisker sold convertible notes to fund operations
From the Storyline: The fall of EV startup Fisker
Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led…
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