We are advising Fisker in connection with its chapter 11 bankruptcy cases

Davis Polk is advising Fisker Inc. and certain of its affiliates (collectively, “Fisker” or the “company”) in connection with cases commenced by the company under chapter 11 of the United States Bankruptcy Code. Fisker intends to use chapter 11 to facilitate an orderly and efficient liquidation of its assets.

On June 17, 2024, and June 19, 2024, Fisker filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware. At a hearing on June 21, 2024, the Bankruptcy Court granted Fisker all of the relief requested in the company’s first-day motions, including the authority to use cash collateral and to pay employee wages and benefits in the ordinary course.

Fisker is an American automotive company that designs, develops, markets and sells electric vehicles. Passionately driven by a vision of a clean future for all, Fisker created the world’s most sustainable and emotionally desirable electric vehicles. Headquartered in California, Fisker operates in several countries (including the United States, Austria, Germany, China, and India) and conducts sales operations in North America and throughout Europe.

The Davis Polk restructuring team includes partners Brian M. Resnick and Darren S. Klein, counsel Steven Z. Szanzer and Christopher Robertson and associates Richard J. Steinberg and Amber Leary. The finance team includes partner Robert F. Smith and associate Zoe Chen. Partners Michael Kaplan and Michael Davis and counsel Michael Stromquist are providing corporate advice. The litigation team includes partner James I. McClammy. Partner Corey M. Goodman and counsel Tracy L. Matlock are providing tax advice. All members of the Davis Polk team are based in the New York office.