Fisker Shares Halted After Deal Talks Fall Apart

0
Fisker Shares Halted After Deal Talks Fall Apart

Talks between Fisker Inc. and a large automaker fell apart, the Manhattan Beach-based electric vehicle maker said on Monday in an SEC filing.

The trading of Fisker shares was suspended before the market closed on Monday. The stock closed at about 9 cents.

According to Reuters, Japanese carmaker Nissan was in advanced talks to invest in Fisker.

The carmaker did not name the large automaker it had been in talks with in its SEC filing.

Fisker’s shares have lost more than 90% of their value this year.

No posts to display