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FTI Consulting is handling the Chapter 11 filing of Los Angeles-based Fisker Group electric vehicle maker.
The seven-year-old company blames “various market and macroeconomic headwinds” as reasons for going belly-up.
Fisker Group introduced its first model, Ocean SUV, last summer. Auto critics panned it for software-related issues. The company produced 10,000 Ocean SUVs and delivered 4,900 of them.
Fisker Group claims to be in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the sale of the assets.
The Chapter 11 filing is the second for car designer Henrik Fisker. His Fisker Automotive went bankrupt in 2013.
FTI Consulting’s Rachel Chesley and Jennifer Mercer represent Fisker Group.
Joele Frank represents LXP Industrial Trust as the logistics giant agrees to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Trust for $5.2B in cash.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
