Fisker Event Draws a Crowd & Reduction in Financial Obligations for Fisker
Fisker Inc., the electric vehicle (EV) manufacturer, recently held a global meetup on January 20, 2023, attracting approximately 2,500 participants. The event took place at 24 locations in the US and six in Europe, with hundreds of test drives conducted throughout the day.
During the meetup, Fisker showcased its vehicles, conducted test drives, and delivered vehicles at its Centre + locations. Participants had the opportunity to experience the Fisker Ocean SUV, enjoy refreshments, collect merchandise, and interact with Fisker team members.
One of the highlights of the event was the interest shown by owners for future Fisker models. The Fisker Ocean Extreme Monterey Edition, the Fisker Alaska pickup truck, and the Fisker PEAR crossover were among the models that garnered significant attention.
In a statement, Chairman and CEO Henrik Fisker expressed his satisfaction with the agreement, stating it will provide increased flexibility for potential strategic business deals. The agreement in question is a definitive one with a strategic OEM partner, which will result in the release of any liens on Fisker's intellectual property.
Furthermore, Fisker Inc. has announced a significant debt reduction. As of January 19, 2024, Fisker's outstanding debt under its 2025 convertible notes has been reduced by $185.5 million to $324.5 million. The reduction reflects the conversion of a portion of 2025 notes to equity by the investor, BlackRock. The amended agreement waives all financial covenants with respect to restricted cash used for operations, providing Fisker with greater financial flexibility.
The meetup also marked a collaboration between Fisker Inc. and Fiskerati.com for the US meetup, and the organization of European meetups at Fisker's Centre + locations. This global event underscores Fisker's commitment to its community and its continued growth in the EV market.
