Fikser News: More Dealers, Sell-Out, No Handling Fees & $3.456 Million in Funding

Fisker Inc. made two announcements today about funding and new dealerships and no more handling fees on Extreme and Ultra models.

It reported it hasas added three new dealer partner locations in the US, in California and New Jersey. Fisker also waived the $2,438 Destination and Handling fee on model year 2023 Fisker Ocean Extremes and Ultras in the US, and announced that the model year 2023 Sport trim level has sold out in the continental US.

In California, Newport Fisker in Orange County and Fisker of San Jose have joined Fisker’s growing Dealer Partnership roster. Fisker has also welcomed Belford Fisker of Belford, New Jersey to the growing network of East Coast dealer partners. These new dealerships will soon be operational, authorized to sell vehicles, and listed on

The company has now signed agreements for fifteen dealer partner locations and distributorships in the US and territories. The company announced a strategic shift to the Dealer Partnership model in January 2024.

Fisker Inc. sent a press release in the afternoon stating:

-Fisker Inc. today the signing of a securities purchase agreement in connection with an offering (the “Offering”) of $3,456,000 in aggregate principal amount of senior secured notes due 2024 (the “Notes”) to an existing institutional investor (the “Investor”), resulting in gross proceeds of $3,456,000 to Fisker and the potential to increase the aggregate principal amount of the Notes to $7,500,000. The Notes bear interest at a rate per annum equal to the three-month Secured Overnight Financing Rate plus 12%.

The Offering closed on May 10, 2024.

Fisker intends to use the gross proceeds from the Offering to finance expenses consistent with the approved budget approved by the Investor.

The Notes will mature on June 24, 2024.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Further information about the Offering is contained in our Form 8-K filed with the SEC concurrently with this press release.