[3] In the summer of 2020, Fisker Inc. announced an initial public offering on the New York Stock Exchange through a merger with Spartan Energy Acquisition Corp, a SPAC backed by private equity firm Apollo Global Management.

[24][25][26] On July 8, 2020, Fisker announced the completion of a $50 million Series C financing round funded by Moore Strategic Ventures, the private investment arm of Louis Bacon.

[28][29] On September 24, 2020, Fisker opened a new technology center in San Francisco, to be a focal point for the development of the company's software and vehicle electronics.

[30] On October 14, 2020, Fisker announced its new global headquarters will be located in Manhattan Beach in Los Angeles County, California.

[31] On October 29, 2020, Fisker announced it completed the reverse merger with Spartan Energy Acquisition Corp (NYSE:SPAQ).

Between October 30, 2020, and April 22, 2024, Fisker was publicly listed and traded on the New York Stock Exchange under the ticker symbols FSR, FSRN, or FSRNQ.

The company started recruitment for the center and planned to employ 300 software engineers, and to set up a manufacturing plant in India for its PEAR model, in collaboration with Foxconn.

[40] Fisker's only production car, the Ocean, has experienced more than 100 loss-of-power incidents as well as other technical problems after delivery, resulting in three National Highway Traffic Safety Administration investigations into different issues and multiple recalls.

[41][42] In March 2024, due to a net loss of over $463 million in 2023, Fisker announced that it was in financial trouble and did not have the necessary funds to remain in business through the coming year.

[43][44] Several weeks later, The Wall Street Journal reported that Fisker hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential Chapter 11 bankruptcy filing.

[46] Nevertheless, Fisker soon announced that it would suspend vehicle production for six weeks in an effort to align inventory levels and progress strategic and financing initiatives.

[47] One week later, on March 25, 2024, Fisker announced that the potential deal with the major carmaker had collapsed, and that the company was unable to meet a closing condition for a $150 million lifeline through convertible bond sales.

[49] On April 23, Fisker warned that they may have to file for bankruptcy protection within 30 days if it was unable to meet debt obligations and get adequate relief from its creditors.

[51] In an article published on May 31, eight Fisker employees spoke to TechCrunch describing the dire situation at the company over the past few years.

[52] The company lost track of payments made, taking months to complete an internal audit, with external auditor PwC receiving inadequate documentation from Fisker to compile their annual financial report.

[57][58] By August, the U.S. Bankruptcy Court in Delaware reached an agreement to postpone Chapter 7 Conversion while Fisker continues to liquidate their assets.

[59] The judge agreed to allow the FOA to have a voice in the sale of intellectual property, including the equipment needed to maintain the current cloud based software that the cars rely on for over-the-air updates.

[75] Fisker's development team included Fabio Albano, one of the founders of Sakti3, the solid-state battery startup sold to Dyson in 2015.