Fisker Inc. Announces Its First-Ever NFT Series, Fisker by Hand: OCEAN Concept Collection

Rhea-AI Summary

Fisker Inc. (NYSE: FSR) has announced the launch of the Fisker by Hand: OCEAN Concept Collection, a series of exclusive digital art NFTs created from original sketches by Founder and Chief Designer Henrik Fisker. The auction, featuring 100 unique NFTs, will begin on December 22, 2021, at 5:00 p.m. PST, with 50% of proceeds directed to nonprofit organizations supporting ESG principles. Participants will also gain access to exclusive events. The auction will utilize Solana blockchain technology, ensuring reduced environmental impact.

Positive

• Launch of exclusive digital art NFTs enhances brand engagement.
• 50% of NFT proceeds support ESG charitable causes.
• Utilization of Solana blockchain aligns with sustainability goals.

Negative

• None.

• Fisker will launch exclusive digital art NFTs of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik Fisker
• This founder's collection is emotionally crafted and will be auctioned through responsible sources, support brand pillars of design, innovation and sustainability
• Fifty percent of proceeds from Fisker by Hand: OCEAN Concept Collection auction benefits charitable causes in line with ESG values

LOS ANGELES--(BUSINESS WIRE)-- Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – announces Fisker by Hand: OCEAN Concept Collection, a series of non-fungible tokens (NFTs) of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik Fisker.

Fisker will launch exclusive digital art NFTs of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik Fisker. As part of the first-ever Fisker by Hand: OCEAN Concept Collection NFT sale, Fisker is donating 50% of primary sales to nonprofit organizations supporting corporate ESG principles. For the inaugural release, a total of 100 Fisker by Hand: OCEAN Concept Collection NFTs are available for purchase. (Graphic: Business Wire)

"I'm always looking for ways to strengthen our relationship with our customers, fans and stakeholders. I'm a car designer by heart: I still draw my designs with a pen on paper, where I'm able to create a unique motion that leads to emotional lines, so the design ultimately feels like it's created by a human, not a robot," said Henrik Fisker.

Fisker by Hand NFT auctions allow participants to partake in a charitable endeavor today, while in the future, NFT owners will enjoy exclusive invitations to bespoke events curated by Fisker.

For the inaugural release, a total of 100 Fisker by Hand: OCEAN Concept Collection NFTs are available for purchase, organized into four tiers: Ocean One: Limited to 1 Copy, 1 of 1; Extreme: Limited to 10 Copies; Ultra: Limited to 25 Copies; Sport: Limited to 64 Copies. The top three NFT tiers enjoy redeemable benefits such as signed prints and for Ocean One, an original art piece.

As part of the first-ever Fisker by Hand: OCEAN Concept Collection NFT sale, Fisker is donating 50% of primary sales to nonprofit organizations supporting corporate ESG principles.

Fisker by Hand: OCEAN Concept Collection NFTs will be auctioned through the FTX.US marketplace using Solana cryptocurrency on the Solana blockchain, a proof-of-stake blockchain with far less environmental impact than a proof-of-work blockchain. Solana's carbon-neutral pledge aligns with Fisker's brand pillars of design, innovation and sustainability. The auction will start at 5:00 p.m. PST on Wednesday, Dec. 22, 2021, and end 24 hours later. More information is available here.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, www.fiskerinc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, statements regarding the Company's strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, as amended, under the heading "Risk Factors," filed with the Securities and Exchange Commission (the "SEC"), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211220005242/en/

Fisker Inc.

Tel: +1.310.374.6177

Simon Sproule, SVP, Communications

ssproule@fiskerinc.com

Rebecca Lindland, Director, Communications

rlindland@fiskerinc.com

Dan Galves, VP, Investor Relations

dgalves@fiskerinc.com

Source: Fisker Inc.

FAQ

What is the Fisker by Hand: OCEAN Concept Collection auction date?

The auction for the Fisker by Hand: OCEAN Concept Collection will start on December 22, 2021, at 5:00 p.m. PST.

How much of the proceeds from the NFT auction will go to charity?

Fifty percent of the proceeds from the Fisker NFT auction will benefit nonprofit organizations supporting ESG principles.

What platform will the Fisker NFTs be auctioned on?

The Fisker NFTs will be auctioned through the FTX.US marketplace using Solana cryptocurrency.

How many NFTs are available in the Fisker by Hand: OCEAN Concept Collection?

A total of 100 NFTs are available for purchase in the Fisker by Hand: OCEAN Concept Collection.

What benefits do NFT owners receive from the auction?

NFT owners may receive exclusive invitations to bespoke events and various redeemable benefits depending on the NFT tier.