Fisker to sell $340M in convertible notes to fund operations, add battery pack capacity

California-based EV maker Fisker plans to sell $340 million in convertible debt, according to a regulatory filing posted Monday. The company expects the net proceeds to be $296.7 million, the lower amount taking into account a 12% issue discount and other fees. The notes are due in 2025.
Fisker plans to use the funds to support its general corporate operations and plans to add an additional battery pack line to “support growth” in 2024 and beyond. The company said funds will also be used for capital expenditures and the development of future products.
Shares initially fell in pre-m

リンク元