Probably not any time soon. Looks like they still have plenty of cash flow. Going public would add pressure that may translate to rushing a product to keep holders happy.Fisker went public in a SPAC reverse merger with Spartan Energy Acquisiton, under the ticker symbol 'FSR'.
Not only that but its stock price gained great momentum on the first trading day!
"Shares of electric car company Fisker rose sharply in their first day of trading Friday amid investors’ mania for electric vehicle stocks.
Fisker recently traded at $10.50, up 17%, on the New York Stock Exchange.
Fisker went public in a SPAC reverse merger with Spartan Energy Acquisition (SPAQ) - Get Report that will net the hopeful Tesla (TSLA) - Get Report competitor more than $1 billion in cash.
In a statement, Spartan Energy said the post-combination company with Fisker will give it more than $1 billion of cash on its balance sheet, net of transaction fees and expenses.
The reverse-merger is the latest in a string of special purpose acquisition company, or SPAC, reverse-mergers that have been all the rage on Wall Street this year."
Still surprised that RJ hasn't made a move yet. Anyone know what's going on?Fisker went public in a SPAC reverse merger with Spartan Energy Acquisition that will net the hopeful Tesla competitor more than $1 billion in cash.www.thestreet.com
When does Rivian go public?