• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

    2/14/24 12:48:47 PM ET
    $FSR
    Auto Manufacturing
    Consumer Discretionary
    Get the next $FSR alert in real time by email
    SC 13G/A 1 sc13ga_021324.htm SC 13G/A

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, DC 20549 

    ___________________________________

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)* 

     ___________________________________

     

     

    Fisker Inc.

    (Name of Issuer)

     

    Class A Common Stock, par value of $0.00001 per share

     (Title of Class of Securities)

     

    33813J106

    (CUSIP Number)

     

    December 31, 2023

    (Date of Event which Requires Filing of this Statement) 

    ___________________________________

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☐ Rule 13d-1(b)

    ☒ Rule 13d-1(c)

    ☐ Rule 13d-1(d)

     

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

    Continued on following pages

    Page 1 of 5 Pages

     

     

    CUSIP No. 33813J106Page 2 of 5 Pages

     

    1 NAMES OF REPORTING PERSONS    
     Magna International Inc.    
       
    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP    
    (a)☐    
    (b)☐    
    3 SEC USE ONLY    
         
       
    4 CITIZENSHIP OR PLACE OF ORGANIZATION    
     Canada    
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER    
     19,474,454 (1)    
       
    6 SHARED VOTING POWER    
     0    
       
    7 SOLE DISPOSITIVE POWER    
     19,474,454 (1)    
       
    8 SHARED DISPOSITIVE POWER    
     0    
       
    9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
     19,474,454 (1)    
       
    10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)    
    ☐    
       
    11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)    
     8.2% (2)    
       
    12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)    
     CO    
       
               

    (1)

    This amount consists entirely of Shares (as defined herein) that the Reporting Person has the right to acquire upon exercise of 19,474,454 Warrants (as defined herein).

     

    (2) This percentage is based upon 237,675,911 Shares outstanding, which is the sum of (i) 218,201,457 Shares outstanding as of November 17, 2023, as reported in the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 22, 2023, and (ii) 19,474,454 Shares issuable upon exercise of Warrants held by the Reporting Person, which Shares have been added to the total Shares outstanding in accordance with Rule 13d-3(d)(1)(i) under the Act.

     

     

    CUSIP No. 33813J106Page 3 of 5 Pages

     

    Item 1(a) Name of Issuer:

     

    Fisker Inc. (the “Issuer”)

     

    Item 1(b) Address of Issuer’s Principal Executive Offices:

     

    1888 Rosecrans Avenue, Manhattan Beach, California 90266

     

    Item 2(a) Name of Person Filing:

     

    Magna International Inc. (the “Reporting Person”)

     

    Item 2(b) Address of Principal Business Office or, if None, Residence:

     

    337 Magna Drive, Aurora, Ontario, L4G 7K1, Canada

     

    Item 2(c) Citizenship:

     

    The Reporting Person is an Ontario, Canada corporation

     

    Item 2(d) Title of Class of Securities:

     

    Class A Common Stock, par value of $0.00001 per share (the “Shares”)

     

    Item 2(e) CUSIP Number:

     

    33813J106

     

    Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

     

    This Item 3 is not applicable.

     

    Item 4. Ownership:

     

    Item 4(a) Amount Beneficially Owned:

     

    As of December 31, 2023, the Reporting Person may be deemed the beneficial owner of 19,474,454 Shares.  This amount consists entirely of Shares that the Reporting Person has the right to acquire upon exercise of 19,474,454 warrants, each with an exercise price of $0.01 (“Warrants”). The Warrants expire on October 29, 2030.

     

    Sole investment and voting power of the Shares is exercised by the Reporting Person, acting through its Board of Directors (“Board”) and its management. The Reporting Person’s Board is comprised of Peter G. Bowie, Mary S. Chan, Hon. V. Peter Harder, Seetarama (Swamy) Kotagiri, Robert F. MacLellan, Mary Lou Maher, William A. Ruh, Dr. Indira V. Samarasekera, Lisa S. Westlake, Dr. Thomas Weber, Jan Hauser, Jay K. Kunkel and Matthew Tsien, and the Reporting Person’s management team is comprised of Seetarama (Swamy) Kotagiri, Patrick W. D. McCann, John H. Farrell, Tom Rucker, Bruce R. Cluney, Matteo Del Sorbo, Uwe Geissinger, Aaron D. McCarthy, Boris Shulkin and Eric J. Wilds. Each member of the Reporting Person’s Board and management team has shared voting and investment power over the Shares. Each member of the Reporting Person’s Board or management team disclaims any beneficial ownership of the reported Shares.

     

    Item 4(b) Percent of Class:

     

    As of December 31, 2023, the Reporting Person may be deemed the beneficial owner of approximately 8.2% of Shares outstanding. This percentage is based upon 237,675,911 Shares outstanding, which is the sum of (i) 218,201,457 Shares outstanding as of November 17, 2023, as reported in the Issuer’s quarterly report on Form 10-Q filed with the SEC on November 22, 2023, and (ii) 19,474,454 Shares issuable upon exercise of Warrants held by the Reporting Person, which Shares have been added to the total Shares outstanding in accordance with Rule 13d-3(d)(1)(i) under the Act.

     

    Item 4(c) Number of Shares as to which such person has:

     

    (i) Sole power to vote or direct the vote:  19,474,454
       
    (ii) Shared power to vote or direct the vote: 0
       
    (iii) Sole power to dispose or direct the disposition of:  19,474,454
       
    (iv) Shared power to dispose or direct the disposition of: 0

     

    Item 5. Ownership of Five Percent or Less of a Class.

     

    This Item 5 is not applicable.

     

     

    CUSIP No. 33813J106Page 4 of 5 Pages

     

    Item 6. Ownership of More than Five Percent on Behalf of Another Person.

     

    This Item 6 is not applicable.

     

    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

     

    This Item 7 is not applicable.

     

    Item 8. Identification and Classification of Members of the Group.

     

    This Item 8 is not applicable.

     

    Item 9. Notice of Dissolution of Group.

     

    This Item 9 is not applicable.

     

    Item 10. Certification.

     

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

     

     

     

    CUSIP No. 33813J106Page 5 of 5 Pages

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    February 14, 2024

     

      Magna International Inc.
           
      By: /s/ Bassem A. Shakeel
        Name: Bassem A. Shakeel
        Title:

    Vice-President, Associate General Counsel and Corporate Secretary

           

     

     

    Get the next $FSR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FSR

    DatePrice TargetRatingAnalyst
    3/1/2024Buy → Hold
    R. F. Lafferty
    3/1/2024Buy → Neutral
    Citigroup
    1/17/2024$11.00 → $1.00Outperform → Market Perform
    TD Cowen
    12/4/2023$6.00 → $2.00Outperform → In-line
    Evercore ISI
    9/26/2023$8.00Buy
    BofA Securities
    7/17/2023$19.00 → $14.00Outperform
    TD Cowen
    6/8/2023$6.00Peer Perform → Underperform
    Wolfe Research
    2/28/2023Hold
    Needham
    More analyst ratings

    $FSR
    SEC Filings

    See more
    • Fisker Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement

      8-K - Fisker Inc./DE (0001720990) (Filer)

      5/13/24 5:11:32 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form NT 10-Q filed by Fisker Inc.

      NT 10-Q - Fisker Inc./DE (0001720990) (Filer)

      5/13/24 5:02:58 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Inc. filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

      8-K - Fisker Inc./DE (0001720990) (Filer)

      5/13/24 5:01:45 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary

    $FSR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 3 filed by new insider Dubel John S.

      3 - Fisker Inc./DE (0001720990) (Issuer)

      4/12/24 3:42:00 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Salinas Jose Angel was granted 933,333 shares (SEC Form 4)

      4 - Fisker Inc./DE (0001720990) (Issuer)

      1/29/24 6:49:08 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form 3 filed by new insider Salinas Jose Angel

      3 - Fisker Inc./DE (0001720990) (Issuer)

      1/9/24 5:59:44 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary

    $FSR
    Leadership Updates

    Live Leadership Updates

    See more

    $FSR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $FSR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $FSR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Xperi Announces Appointment of Two New Independent Directors

      Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise

      6/10/24 4:05:00 PM ET
      $AMZN
      $FSR
      $GAME
      $NFLX
      Catalog/Specialty Distribution
      Consumer Discretionary
      Auto Manufacturing
      Services-Misc. Amusement & Recreation
    • Fisker Adds Executives to Leadership Team as the Company Accelerates Growth in 2024

      Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, announced today that the company has added two executives to its leadership team. Eric Goldstein has been named Head of Investor Relations. Beverly Lively has joined as VP, Internal Audit & Controls. Goldstein will report to CFO Dr. Geeta Gupta-Fisker and Lively will report to CAO Angel Salinas. "I'm thrilled that Eric and Beverly have come to Fisker at this important time for the company," Chairman and CEO Henrik Fisker said. "Their experience will be a great addition to the Fisker team as we accelerate our growth in 2024." Goldstein has over 25 years of ex

      1/16/24 6:30:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Plans Largest Owner Meetup in Company History on January 20

      Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, will hold the largest owner meetup in its history on January 20, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240111599577/en/FISKER PLANS LARGEST OWNER MEETUP IN COMPANY HISTORY ON JANUARY 20. (Photo: Fisker Inc.) Fisker is collaborating on the event with Fiskerati.com, an independent website that publishes news related to the company and the electric vehicle and new mobility industries. Meetups will take place in almost two dozen locations in the U.S. "It's incredibly exciting for me to see o

      1/11/24 6:30:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

      SC 13G/A - Fisker Inc./DE (0001720990) (Subject)

      2/14/24 5:34:13 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

      SC 13G/A - Fisker Inc./DE (0001720990) (Subject)

      2/14/24 12:48:47 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

      SC 13G/A - Fisker Inc./DE (0001720990) (Subject)

      2/13/24 5:04:36 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker downgraded by R. F. Lafferty

      R. F. Lafferty downgraded Fisker from Buy to Hold

      3/1/24 8:50:04 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker downgraded by Citigroup

      Citigroup downgraded Fisker from Buy to Neutral

      3/1/24 7:39:31 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker downgraded by TD Cowen with a new price target

      TD Cowen downgraded Fisker from Outperform to Market Perform and set a new price target of $1.00 from $11.00 previously

      1/17/24 7:15:09 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Xperi Announces Appointment of Two New Independent Directors

      Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise

      6/10/24 4:05:00 PM ET
      $AMZN
      $FSR
      $GAME
      $NFLX
      Catalog/Specialty Distribution
      Consumer Discretionary
      Auto Manufacturing
      Services-Misc. Amusement & Recreation
    • Fisker Announces Reduced MSRP in U.S. on Many 2023 Model Year Vehicles

      Fisker reduces US MSRP on the 2023 Ocean Extreme trim from $61,499 to $37,499.1 2023 Fisker Ocean Ultra trims reduced from $52,999 to $34,999 MSRP, and 2023 Sport trims from $38,999 to $24,999 MSRP.1 Fisker is strategically positioning Ocean to be a more affordable and compelling EV choice, competitively available to EV buyers. Fisker Inc. ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced reductions in Manufacturer's Suggested Retail Price (MSRP) on many model year 2023 Fisker Oceans in the US. Fisker is lowering the MSRP of the 2023 Ocean Extreme trim by $24,000, to $37,499 from $61,499 MSRP.1 This press rele

      3/27/24 7:32:00 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Ocean Wins iF DESIGN AWARD 2024 for Best Electric SUV

      The Fisker Ocean wins the internationally recognized iF DESIGN AWARD for Best Electric Vehicle: SUV, following the assessment by a global jury of 132 world-class design experts iF DESIGN AWARD is a highly contested design competition, with almost 11,000 award entries received from across 72 countries The Ocean excelled in the judges' Form and Function assessments, recognizing the all-electric SUV's sustainability, engaging design, and ease of use Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, announces that the Fisker Ocean all-electric SUV has won the iF DESIGN AWARD 2024 for "Best Electric Vehicle: S

      3/21/24 3:00:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary

    $FSR
    Financials

    Live finance-specific insights

    See more
    • Fisker Inc. Announces Preliminary Q4 and Full Year 2023 Results*

      Fisker's new Dealer Partner model is gaining momentum and is expected to help improve brand awareness and sales throughout 2024. Fisker is in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing. The closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements. Fisker reports preliminary Q4 2023 total revenue of $200.1 million, an increase of $128.3 million from Q3 2023. Both full year 2023 total revenue, which

      2/29/24 4:17:00 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Announces Timing of Fourth Quarter and Full Year 2023 Results and Webcast

      Fisker Inc. (NYSE:FSR) ("Fisker") – driven by a mission to create the world's most emotional and sustainable electric vehicles – today announced that it will report its fourth quarter and full year 2023 financial results after market close on Thursday, February 29, 2024. The release will be followed by a conference call at 2:00 p.m. PT (5:00 p.m. ET). Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; David King, Chief Technology Officer; and Dr. Geeta Gupta-Fisker, Chief Financial Officer of Fisker Inc. The conference call can be accessed via a live webcast accessible on the Events and Presentations page of Fisker's Investor Relations website: https://inves

      2/22/24 6:55:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Inc. Announces Third Quarter 2023 Financial Results*

      Fisker sees continued strong demand for its Ocean and delivered more cars in October than the entire third quarter.  Fisker now delivering in ten countries, expected to add two more markets later this month as operational momentum accelerates in Q4 2023. Opened flagship US Lounge at The Grove in Los Angeles and first east-coast Lounge in New York City. Fisker customer locations now open in ten countries, with additional customer facilities opening soon, including a Fisker Lounge in Shanghai, China in January 2024. Q3 2023 was Fisker's first quarter with meaningful automotive sales revenue. Total revenue in the quarter was $71.8 million, gross margin was -17% on a GAAP basis (adjust

      11/13/23 4:36:00 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary