June 19 (Reuters) - Electric vehicle startup Fisker,
which sought Chapter 11 protection earlier this week, said its
U.S. units had also filed for bankruptcy in a court in Delaware
on Wednesday.
Fisker Inc ( FSRN ) and its other U.S. subsidiaries have entered into
Chapter 11, the firm said, adding that discussions about the
sale of assets remain ongoing.
As per the court filing, Fisker Inc ( FSRN ) listed assets
estimated to be worth between $500 million and $1 billion, while
its liabilities were projected at between $1 billion and $10
billion.
Fisker Group Inc, the company's operating unit, filed
for Chapter 11 protection on Monday and said it would sell its
assets and restructure its debt.
The firm, which went public in 2020, was founded by
automotive designer Henrik Fisker.
In February it had flagged doubts about its ability to
remain in business and later failed to secure an investment from
a large automaker, forcing it to rein in operations.