Summary by Moomoo AI
On January 21, 2024, Fisker Inc., a Delaware-incorporated electric vehicle manufacturer, entered into a Second Amendment and Waiver Agreement with an institutional investor holding the company's 0% senior secured convertible notes due in 2025. The agreement, referred to as the Second Waiver, includes significant terms such as the release of all liens on the company's intellectual property, which is essential for any future transactions with strategic automotive partners. Additionally, the company has been granted a waiver for all financial covenants related to its cash reserves, allowing the unrestricted cash to be used for operational purposes. Furthermore, the investor waived any remaining remedies related to the company's previous delay in filing its quarterly report for the quarter ended September 30, 2023. This move...Show More