Fisker terminates agreement to sell shares through JPMorgan, Cowen

Fisker disclosed that effective July 12, the company terminated its distribution agreement, dated May 24, 2022, by and among the company, J.P. Morgan Securities and Cowen and Company. The distribution agreement provided that Fisker may sell shares of its common stock from time to time for an aggregate offering price of up to $350M through an “at the market” equity offering program. As of July 12, approximately $23.4M remained available under the program. As a result of the termination of the distribution agreement, the company will not offer or sell any more shares under the program.