Fisker Inc ( FSR ) shares are trading lower by 8.4% to $0.16 during Monday’s session. The company announced it secured a financing commitment of up to $150 million from an existing investor through four tranches, subject to certain conditions including the filing of its 2023 Form 10-K.

Additionally, Fisker ( FSR ) is in ongoing negotiations with a major automaker for potential collaboration on EV platforms and manufacturing in the US. In 2024, the company says it delivered approximately 1,300 vehicles globally.

With around 4,700 vehicles in inventory, Fisker ( FSR ) plans to halt production for six weeks starting March 18, 2024, to balance inventory and advance strategic and financing initiatives. Fisker ( FSR ) says these updates have been disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission.

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How To Buy FSR Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Fisker’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, FSR has a 52-week high of $7.22 and a 52-week low of $0.14.