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Fisker Inc., currently undergoing Chapter 11 bankruptcy proceedings, has filed for a non-timely 10-Q with the SEC, citing an inability to publish their quarterly financial report without unreasonable effort and expense. The company expects that existing common stock will be canceled, and holders of this stock will not receive any amounts through the Chapter 11 cases. Additionally, the SEC has issued a subpoena to Fisker, indicating a possible probe into the company's financial practices.
Warning: this is a bit of a rant so snowflakes please skip. Mainstream media's "Tesla-killer" favourite VinFast delayed 2Q filing until "mid-September 2024" due "accounting errors that the Company [VinFast] has identified". Accounting errors include: 1) Some 1Q 2024 revenue… https://t.co/aQBOGOI8RT
SEC has issued a subpoena to bankrupt carmaker Fisker, indicating possible probe https://t.co/AM1sowNYG5
$CVNA accounting #fraud under increasing pressure from facts … https://t.co/wzVI02Q87H
