Fisker's Potential Sale of Unsold EVs Threatened by Major Dissenter
Fisker's plan to offload its unsold EVs faces a major hurdle as the U.S. Trustee's office objects to the deal. This deal, which could reach $46.25 million, involves selling all Ocean SUVs to American Lease, a company servicing ride-hail drivers in NYC. A hearing is scheduled to determine the fate of the sale.
Fisker has widespread support for the deal, including its secured lender and unsecured creditors. However, concerns have been raised about the lack of transparency in the sale process and the rush to finalize the deal. The Trustee's office has questioned Fisker's marketing efforts and pricing strategy, while also seeking more information on the initial agreement with American Lease.
Despite objections from Ideal Motors, the committee of unsecured creditors now backs the sale to American Lease. They believe the deal maximizes the value of Fisker's assets for all stakeholders.
In conclusion, the outcome of this sale could have significant implications for Fisker's bankruptcy proceeding and its creditors. Transparency and fairness in the sale process are crucial to ensure stakeholders receive their fair share. Investors and potential buyers should closely monitor the developments in this case to make informed decisions about their finances.