Fisker unable to file Form 10-Q in timely manner

In a regulatory filing, Fisker said it was unable, without unreasonable effort and expense, to complete the preparation of its Quarterly Report on Form 10-Q for the quarterly period ended March 31 by May 10. As disclosed, management identified certain material weaknesses, including that the company did not design and maintain an effective control environment commensurate with its financial reporting requirements. The company is unable to provide an estimate with respect to the timing of the filing. The company has engaged professional advisors to explore a range of strategic alternatives, including filing for bankruptcy protection in multiple jurisdictions.