Summary by Moomoo AI
Fisker Inc., an electric vehicle manufacturer, has announced a special meeting of stockholders to be held virtually on April 24, 2024. The meeting will address three key proposals: the issuance of additional shares upon conversion of the 2024 Notes, an amendment to increase authorized shares of Class A Common Stock from 2 billion to 4 billion, and a potential reverse stock split at a ratio between 1-for-10 and 1-for-50. These measures are intended to comply with NYSE listing requirements and support the company's financing and strategic initiatives. Fisker entered into a financing commitment on March 18, 2024, for the sale of up to $166.67 million in senior secured convertible notes, with the first tranche expected after April 1, 2024. The notes will accrue interest at 3-month SOFR plus 12% per...Show More