BRIEF-Fisker Group Says Files For Chapter 11 Bankruptcy; In Advanced Discussions With Stakeholders Regarding Debtor-In-Possession Financing & Sale Of Assets

Reuters06-18

June 18 (Reuters) - Fisker Inc :

* FISKER GROUP INC. FILES FOR CHAPTER 11

* IN ADVANCED DISCUSSIONS WITH FINANCIAL STAKEHOLDERS REGARDING DEBTOR-IN-POSSESSION FINANCING AND SALE OF ITS ASSETS

* FISKER INC. AND OTHER U.S. SUBSIDIARIES, AS WELL AS SUBSIDIARIES OUTSIDE U.S., ARE NOT INCLUDED IN CHAPTER 11 FILING AT THIS TIME

* FISKER'S PREVIOUSLY ANNOUNCED MANUFACTURING PAUSE WILL REMAIN IN PLACE.

* . AND OTHER U.S. SUBSIDIARIES, AS WELL AS SUBSIDIARIES OUTSIDE U.S., ARE NOT INCLUDED IN CHAPTER 11 FILING AT THIS TIME

* DETERMINED THAT PROCEEDING WITH A SALE OF OUR ASSETS UNDER CHAPTER 11 IS MOST VIABLE PATH FORWARD FOR COMPANY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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