The New York Stock Exchange said Monday the stock would be delisted, citing "abnormally low" price levels. The NYSE typically delists stocks that fall below $1.00 per share for a period of more than a month.
The sharp decline in Fisker — the stock is down 95% year-to-date — comes as sales for its flagship Ocean electric vehicle have been lackluster.
In 2023, the company produced 10,142 units of the Ocean EV, and delivered just 4,700 of them to customers. Fisker lost $762 million last year on $273 million in sales, and held more than $1 billion in debt.
The sharp decline in Fisker — the stock is down 95% year-to-date — comes as sales for its flagship Ocean electric vehicle have been lackluster.
In 2023, the company produced 10,142 units of the Ocean EV, and delivered just 4,700 of them to customers. Fisker lost $762 million last year on $273 million in sales, and held more than $1 billion in debt.
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