Fisker is now at risk of being fired from the stock exchange in New York. The car brand has six months to rectify the situation.
Car brands at risk of going public are nothing new. The same threat hung over another car brand, because it went bankrupt earlier this month. But now Fisker Inc. got a similar message.
The share behind Fisker Inc., which is headed by Danish Henrik Fisker, has been traded for more than 30 days now at less than 1 dollar apiece.
The brand itself states this in a press release .
– In accordance with applicable NYSE rules, the company intends to notify the NYSE within 10 business days of its intention to regain compliance with the NYSE's rules, the car brand writes.
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Fisker Inc. now have 6 months to correct the problem. And that period can actually be extended to one year. In this way, Fisker – despite a low share value – does not go off the stock market immediately.
However, it is not just the share price that is a problem for Fisker. Last week, the US road safety authorities launched a new investigation into the Fisker Ocean model.
This time it concerns 4,000 cars that may be affected by a particularly critical fault. Read more about it here.
