Fisker Inc. may file for bankruptcy as of April 23, 2024. According to the company's SEC filing, the company defaulted on the payment of interest in the amount of $8.4 million on March 15, 2024, with respect to the 2026 Notes. At the conclusion of a 30-day grace period, the non-payment became an event of default with respect to the 2026 Notes and resulted in a cross default with respect to the 2025 Notes.

The company's current forbearance agreement expires on May 1, 2024, and the company is seeking additional waivers and/or a forbearance agreement from the holder of the 2025 Notes. If the company does not receive adequate relief from its debt holders and additional sufficient liquidity from potential liquidity providers to meet its current obligations, it expects to seek protection under applicable bankruptcy laws in multiple jurisdictions within 30 days from the issuance of these financial statements.