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EV start-up Fisker prepares for possible bankruptcy filing, WSJ reports
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investing.com(Reuters) — Electric-vehicle start-up Fisker (NYSE:FSR) has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The company has hired financial adviser FTI Consulting (NYSE:FCN) and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report.
Fisker declined to comment.
Earlier this month, Fisker flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a partnership with a manufacturer.
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