Tuesday, November 14, 2023

Fisker Discloses Material Weakness, Fails To File Quarterly Report

Los Angeles-based Fisker Inc. is being battered on the public markets, after the company cited "material weaknesses" in the company's internal control over financial reporting. In a regulatory filing, the company said it could not file forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR within the prescribed time period. The failure to file a quarterly report is bound to trigger action at the NYSE. The disclosure on Tuesday comes after the company said it had replaced its Chief Accounting Officer.