Fisker: Stock suspended from trading; Talks about cooperation failed. Experts believe bankruptcy is very likely.
As of just over a week ago, the company's cash reserves had dwindled to around $121 million - less than a third of what was available at the end of last year. The electric car manufacturer, which was founded by Danish car designer Henrik Fisker, has been in financial difficulties for a long time and pointed out the risk of possible bankruptcy in February. In order to be able to comply with the regulations for a stock exchange listing on the US technology exchange Nasdaq, Fiskers wants to have a reverse stock split voted on at the shareholders' meeting on April 24th.