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Fisker Inc. (NYSE: FSR) drives innovation in sustainable transportation through cutting-edge electric vehicles and mobility solutions. This dedicated news hub provides investors and industry observers with essential updates directly from corporate communications and verified sources.
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Fisker Inc. (NYSE: FSR) has launched The Fisker Magic Works, a UK-based engineering division for low-volume, custom vehicle development, led by David King, the new SVP of Engineering. This initiative aims to innovate within Fisker’s vehicle portfolio, emphasizing rapid development and specialized features. The Fisker Ocean is on track to start production on November 17, 2022, with UK deliveries set for 2023. CEO Henrik Fisker announced a commitment to four distinct vehicle lines by 2025, reinforcing their position in the electric vehicle market.
Fisker Inc. (NYSE: FSR) announced its participation in upcoming investor conferences through webcasts. CEO Henrik Fisker will speak at the RBC Capital Markets Global Industrials Conference on September 9, 2021, and the Morgan Stanley Virtual Ninth Annual Laguna Conference on September 15, 2021. Both events will cover Fisker’s business strategy and updates on the Fisker Ocean vehicle, with production and deliveries expected to begin in November 2022. Interested parties can register for the events via the provided links.
Fisker Inc. (NYSE: FSR) announced a collaboration with racing driver Abbie Eaton, who will work on the Fisker Ocean SUV program focusing on chassis and vehicle dynamics. Eaton's experience as a test driver will support the development of performance-oriented electric vehicles.
Fisker aims to build production-intent prototypes for the Ocean by Q4 2021, enhancing its commitment to creating exciting electric vehicles. The initiative underscores Fisker's goal of disrupting perceptions of electric vehicle capabilities beyond straight-line acceleration.
Fisker Inc. (NYSE: FSR) has announced the pricing of $625 million in 2.50% Green Convertible Senior Notes due 2026, an increase of $25 million from the initial offering. The company has granted purchasers an option for an additional $100 million. The notes will bear interest payable semi-annually starting March 2022, with a conversion rate of 50.7743 shares per $1,000 principal. Fisker plans to use proceeds for green projects and capped call transactions. Closing is expected on August 17, 2021, pending conditions.
Fisker Inc. (NYSE: FSR) plans to offer $600 million in Green Convertible Senior Notes due 2026, targeting qualified institutional buyers. An additional $90 million may be offered if initial purchasers exercise their options. The notes will be unsecured, with interest payments starting March 15, 2022. Proceeds will fund eligible green projects, including the PEAR program and technology development. Fisker aims to hedge potential dilution through capped call transactions. This offering is not an offer to sell in jurisdictions where it is unlawful.
Fisker Inc. (NYSE: FSR) announced that CEO Henrik Fisker will participate in the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, from 2:00 to 2:25 p.m. ET. The discussion will focus on the development of the Fisker Ocean and Fisker PEAR electric vehicles, along with President Biden's goal of 50% EV sales in the U.S. by 2030. The event will be available via webcast, which can be registered for here.
Fisker Inc. (NYSE: FSR) reported its Q2 2021 financial results, noting a cash balance of $962 million as of June 30, 2021. The company remains on track for the Fisker Ocean's production start on November 17, 2022, targeting over 5,000 units per month by 2023. Fisker reported a net loss of $46.2 million and a loss per share of $0.16. The company aims to produce climate-neutral vehicles by 2027 and has received approximately 17,500 reservations for the Fisker Ocean, with expectations to reach 25,000 by year-end 2021.
Fisker (NYSE: FSR) has announced a $10 million PIPE investment to support the merger of European EV charging network Allego B.V. with Spartan Acquisition Corp. III (NYSE: SPAQ). As the sole EV automaker in the PIPE, Fisker aims to enhance its charging services for customers in Europe. The partnership includes a promotion for Fisker Ocean SUV buyers, offering one year of free charging via Allego's network. Allego, operational in 12 European countries, boasts over 26,000 charging ports, showing a commitment to expanding its EV infrastructure.
Fisker Inc. (NYSE: FSR) announced plans to open its first global Brand Experience Center in Los Angeles in the first half of 2022, followed by another in Munich. The centers will allow potential customers to see Fisker's vehicles and interact with product experts. Fisker aims to open additional centers in London, New York, Miami, and Copenhagen. The Fisker Ocean, set to debut at the 2021 LA Auto Show, has over 17,300 paid reservations and a starting price of $37,499 in the U.S. Production is scheduled for November 17, 2022.
