The equity of electric vehicle startup Fisker has reached its conclusion. A U.S. Bankruptcy Court’s confirmation on October 16, 2024, rendered the company’s liquidation plan legally binding, stripping the stock of any remaining intrinsic value. The shares, which had been trading over-the-counter under the ticker FSRNQ, are now worthless and inactive, rendering all fundamental metrics meaningless.
Under the terms of the approved plan, the remaining assets—primarily a fleet of approximately 3,000 Ocean SUVs—were sold to American Lease for about $46.25 million. The proceeds from this sale are being directed to creditors, with shareholders receiving nothing. This outcome marks a total loss of equity for investors.
Fisker’s demise…