Fisker's stock fell Friday after the electric-vehicle maker announced intentions to offer additional convertible debt to an existing institutional investor.
Shares of Fisker Inc. were knocked lower Friday, after the electric vehicle maker announced intentions to offer additional convertible debt to an existing institutional investor.
The stock FSR, +6.14% dropped 4.8% in premarket trading, putting it on track to snap a three-day win streak. Fisker said the planned offering is part of an amendment to the securities purchase agreement from July 10, in which the company announced a $340 million convertible note offering, which had the potential for the amount to double to $680 million.
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