News on Medial

Fisker trading suspended by NYSE

TechCrunch · 1y

The New York Stock Exchange (NYSE) has suspended trading of electric vehicle (EV) startup Fisker and is taking steps to remove the company from its stock exchange. The decision comes after Fisker's stock price fell below $1 for 30 consecutive days, violating NYSE rules. Fisker can appeal the decision, but it is expected to be moved to an over-the-counter market. Additionally, Fisker lost a potential deal with a large automaker, jeopardizing its recent attempt at securing emergency funding. The company has been facing various challenges, including customer complaints, lawsuits, and financial difficulties.