The new foreign car-making forces have not had a good time recently, and the American electric vehicle startup Fisker recently received a non-compliance notice from the New York ** Stock Exchange because its stock price has been below $1 for 30 consecutive trading days, and if the stock price continues to be below $1, Fisker is likely to be forced to delist. The company has a six-month self-help window after receiving the notice of non-compliance.
Fisker is not strictly speaking, a real new force in car manufacturing. As early as 2008, Fisker Automotive was founded by eponymous designer Henrik Fisker, a well-known designer in the automotive design industry who has designed several super coupes. At the 2010 Shanghai Auto Show, a 1.6 million petrol-electric hybrid coupe model was launched.
Not to mention this price in 2010, even now it is a very explosive existence. It is unlikely to survive in the Chinese market. Finally, in 2014, the company and related plant equipment were acquired by Wanxiang Group. But the Fisker brand was retained independently. In 2020, Henrik Fisker made a comeback and founded Fisker Inc, which was listed on the New York Stock Exchange through a reverse takeover. But its share price went from 10$14 fell all the way and is currently less than 0$74, becoming a veritable penny stock.
At present, if you want to avoid being forced to delist, there is only one way to save yourself. It is a reverse stock split to pull up *** This is also Faraday Future's way to save itself in the same situation that year, and finally *** touched all the way to more than $20. However, if such a plan is not supported by other substantial financing or good news, it will end up being a thirst quenched. Faraday Future's stock price has plummeted to less than 10 cents after touching $22 and now falls to less than 10 cents. Time is running out for Fisker.