02
Oct
16:59
Fisker raises $150m in deal to support EV production
US EV start-up Fisker has closed a deal to offer $170 million in senior unsecured convertible notes due 2025 to an unnamed existing investor.
The notes have an original issue discount of 12%, Fisker says, which results in the company receiving $150 million in gross proceeds. The company can also offer notes under the Securities Purchase Agreement, which would provide it with an additional $550m, Kallanish understands.
The infusion of capital will help Fisker expa…
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Very good overview of the weekly steel market.
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