Fisker provided an update on the dealer network it is building and announced four new dealers for the United States, including Ourisman Fisker, Classic Fisker and Long Island Fisker.
Today, Fisker provided an update on the development of its dealer partner network, which it is building in North America and Europe. The company is currently partnering with four new dealers in the U.S., and says it plans to sign up more in the coming weeks. Newer dealers include Ourisman Fisker, Classic Fisker, and Long Island Fisker. These dealer partners are in addition to the previously announced Mills Auto Group.Early this week tourist fisker I launched a Fisker branded website and it looks great.
These dealerships will be located in seven locations in North Carolina, South Carolina, Georgia, Maryland, New York and New Jersey. More than 250 dealers across North America and elsewhere have expressed interest in Fisker’s new dealer partnership model, which provides access to a U.S. EV-only brand with a unique business approach. On January 4, Fisker announced a strategic transition from direct sales to a dealer partnership model to expand Fisker Ocean delivery scale and increase production of future models.
Mills Auto Group joined Fisker as its first U.S. dealer partner at the company’s open house on January 31st. The companies will operate three Fisker dealerships in Charlotte and Raleigh, North Carolina, and Greenville, South Carolina. Additionally, Ourisman Fisker and Classic Fisker attended the 2024 NADA Show in Las Vegas earlier this month and will be based in Rockville, Maryland, and Atlanta, respectively. Long Island Fisker joined this week and will be based in New York and New Jersey. Collectively, these dealer partners serve customers at his 7 locations.
“We are excited about the rapid progress we are making with the dealer partnership model we announced a little over a month ago. The dealer partners we have signed to date share our commitment to the future of electric vehicles and our community. , many of which have been serving the company for several generations. These dealer partners plan to provide the highest level of service and ongoing relationship building to owners of the class-leading, award-winning Fisker Ocean SUV. I think our customers will understand that.”
Henrik Fisker, Chairman and CEO of Fisker
Fisker receives notification from NYSE
Fisker also announced today that it has received a notice from the New York Stock Exchange stating that it is not in compliance with the New York Stock Exchange Listed Company Manual. This is because Fisker stock has been trading below $1.00 per share for 30 consecutive business days.
However, the New York Stock Exchange’s notice will not result in the immediate delisting of Fisker’s common stock from the New York Stock Exchange. Pursuant to applicable NYSE rules, Fisker intends to notify the NYSE within 10 business days of announcing its intention to regain compliance with the listing standards. Fisker stock continues to trade on the New York Stock Exchange under the symbol “FSR.”
Essentially, the company needs to bring its stock price back above $1.00 per share over 30 business days. The company said it intends to remain listed on the NYSE and is considering all available options to regain NYSE compliance, including a reverse stock split, subject to shareholder approval. There is a possibility that
Fisker stock continues to trade on the New York Stock Exchange under the symbol “FSR.” Fisker stock closed the day at $0.7312 per share, down $0.0261 (-3.4465%).
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