), is leading a bidding war among blank-check companies for Fisker, and could clinch a deal for close to $2 billion as early as next week, the sources said.
Spartan’s shares rallied on the news and were up 35% at $15.25 in early afternoon trading in New York on Thursday. His previous automotive venture, Fisker Automotive, filed for bankruptcy in 2013 after burning through $1.4 billion in private investments and taxpayer-funded loans. Once billed as a rival to Tesla, it ended up making fewer than 2,000 cars.
Spartan raised $552 million in a initial public offering in 2018, saying it would focus on an acquisition in the North American energy industry. It would use these funds and borrowed money to fund the deal with Fisker.
Nice SUV was the cost $$$..?
inb4 the robinhooders send it to the moon.
You mean “deal to come out of bankruptcy “
Not sure who will buy them. NO MONEY!
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