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EV startup Fisker (OTC:FSRN) disclosed on Wednesday that it was withdrawing its previously issued guidance for the year 2024.
The company added that it was continuing to evaluate strategic alternatives and would forego providing any updated guidance during the process.
Fisker (OTC:FSRN) also announced the appointment of John Dubel to its board, following the resignation of William McDermott. Dubel will serve on the Audit Committee of the board and receive a monthly fee of $35,000, pro-rated for any partial service, as part of an Independent Director Agreement.
Separately, the U.S. auto safety regulator announced a preliminary probe into Fisker’s (OTC:FSRN) 2023 Ocean SUVs in response to complaints that the doors of the electric vehicles sometimes failed to open.
The beleaguered EV maker has taken several measures to stay in business as it navigates a cash crunch. Last week, Fisker (OTC:FSRN) slashed the price of its high-end Ocean SUV by another 39%.
Fisker’s (OTC:FSRN) stock was delisted from the New York Stock Exchange last month due to its “abnormally low” price.