Electric vehicle maker faces compliance issues
- Fisker received notice from NYSE for late filing
- Not in compliance with NYSE’s listing standards
- Failed to file 10-Q with SEC for Q3
- Working to finalize financial statements and expects to file soon
- Chief Accounting Officer Florus Beuting departs
Electric vehicle maker Fisker has received a notice from the New York Stock Exchange (NYSE) stating that the company is not in compliance with the exchange’s listing standards. This is due to Fisker’s failure to timely file its 10-Q with the U.S. Securities and Exchange Commission (SEC) for the quarter ended September 30. Fisker had previously announced a delay in filing the 10-Q and had filed a notification of late filing with the SEC. The company has dedicated significant resources to finalize the financial statements and related disclosures for the 10-Q, but was unable to meet the November 14 deadline provided by the late filing notification. Fisker is now working diligently to ensure appropriate disclosures are made and expects to file the 10-Q within the next few days. In addition to this, Fisker has confirmed the departure of Chief Accounting Officer Florus Beuting, making him the second chief accounting officer to leave the company in less than a month.
Public Companies: Fisker (NYSE: FSR)
Private Companies:
Key People: Florus Beuting (Chief Accounting Officer)
Factuality Level: 8
Justification: The article provides factual information about Fisker receiving notice from the New York Stock Exchange regarding non-compliance with listing standards and the delay in filing its 10-Q with the SEC. It also mentions the departure of the Chief Accounting Officer. The information is straightforward and does not contain any obvious bias or opinion.
Noise Level: 3
Justification: The article provides factual information about Fisker’s non-compliance with the NYSE listing standards and the delay in filing its 10-Q. It also mentions the departure of the Chief Accounting Officer. However, it lacks analysis, evidence, and actionable insights. The article is short and does not dive into unrelated territories.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial market as it discusses Fisker’s non-compliance with the New York Stock Exchange’s listing standards and its failure to timely file its 10-Q with the SEC.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article highlights Fisker’s non-compliance with the New York Stock Exchange’s listing standards and its failure to file its quarterly 10-Q on time. While this event has financial implications for the company, it does not describe an extreme event.
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