(Reuters) – Electrical automobile startup Fisker, which sought Chapter 11 safety earlier this week, stated its U.S. models had additionally filed for chapter in a courtroom in Delaware on Wednesday.
Fisker Inc (OTC:) and its different U.S. subsidiaries have entered into Chapter 11, the agency stated, including that discussions concerning the sale of belongings stay ongoing.
As per the courtroom submitting, Fisker Inc listed belongings estimated to be value between $500 million and $1 billion, whereas its liabilities had been projected at between $1 billion and $10 billion.
Fisker Group Inc, the corporate’s working unit, filed for Chapter 11 safety on Monday and stated it might promote its belongings and restructure its debt.
The agency, which went public in 2020, was based by automotive designer Henrik Fisker.
In February it had flagged doubts about its skill to stay in enterprise and later didn’t safe an funding from a big automaker, forcing it to rein in operations.