Fisker (OTC:FSRN), which filed for Chapter 11 bankruptcy earlier this week, said its U.S. operations also filed for bankruptcy in a Delaware court on Wednesday.
June 19, each of the six debtors: Fisker Group Inc., Fisker Inc., Fisker TN LLC and Terra Energy. Inc., Blue Current Holding LLC and Platinum IPR LLC filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
The EV startup added that discussions regarding asset sales are ongoing. The company’s operating unit, Fisker Group, filed for bankruptcy on Monday, with assets of about $500 million to $1 billion and liabilities of $100 million to $500 million.
Last February, Fisker (OTC:FSRN) failed in its attempt to secure investment from a large automaker after the company raised doubts about its ability to stay in business. Last March, the New York Stock Exchange began actions to delist shares of Fisker’s common stock, citing “abnormally low” prices.
