Looks like a big deal was made "In a regulatory filing, Fisk...
$Fisker(FSR.US$ Looks like a big deal was made "In a regulatory filing, Fisker announced that it has reached an agreement with an institutional investor that could save the company some money.
Among other things, the institutional investor has waived off any remedies it could have used on Fisker for failure to file its quarterly report in a timely manner with the Securities and Exchange Commission (SEC) for the period ended Sept. 30. It has also released all liens on intellectual property granted in connection with Fisker's transactions with an automotive partner.
Most importantly, the institutional investor has waived off all financial covenants on Fisker's cash reserves, which means the EV maker can now use that cash to run its operations."
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bbdd-2000 : It’s short term good news
73677513OP bbdd-2000: True, but releasing company to make a deal with an OEM obviously means there is an upcoming deal with an OEM otherwise why would fisker ask the investor release that clause :). Next news is bound to be a big one and soon. Fingers crossed
xALLSTATEx : Fibgers,, Tpws AND Ryes crossed...!!