Tuesday, 11 July, 2023

Fisker Plans $340M Convertible Notes Sale for Operations and Battery Pack Expansion

Fisker, the electric vehicle manufacturer, has announced its intention to raise $340 million through the sale of convertible notes. The funds raised will be allocated towards supporting the company's ongoing operations and expanding battery pack capacity. The move aims to strengthen Fisker's position in the EV market, allowing for increased production capabilities and the development of advanced battery technologies.