On the risk of delisting of Class A ordinary shares of Fisker Inc. (FSR)

The International Trading System Limited (hereinafter – ITS) hereby informs on the delisting risk of Class A ordinary shares of Fisker Inc. (ISIN US33813J1060, hereinafter – Shares, QI) from the New York Stock Exchange (hereinafter - NYSE).

Information on delisting risk of ordinary shares by NYSE

On February 16, 2024 Fisker Inc. (hereinafter - Company) submitted Current report on Form 8-K to The United States Securities and Exchange Commission (hereinafter – SEC). According to the report, on February 15, 2024, the Company received a notice from NYSE that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE Listed Company Manual (hereinafter - Section 802.01C) because the average closing price of the Shares was less than $1.00 per share over a consecutive 30 trading-day period.

Pursuant to Section 802.01C, the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement, with the possibility of extension at the discretion of the NYSE. During this period, the Shares will continue trading on the NYSE if the continued listing standards are met.

The Company intends to notify the NYSE of its intent to regain compliance with the requirements of Section 802.01C.

In order to regain compliance, on the last trading day in any calendar month during the cure period, the Shares must have: (i) a closing price of at least $1.00 per share; and (ii) an average closing price of at least $1.00 per share over the 30-trading day period ending on the last trading day of such month. The Company’s failure to regain compliance during this period could result in delisting.

Information regarding possible actions to be taken by ITS Ltd.

ITS conducts regular monitoring of the relevant information disclosed by the Company. Delisting of the Shares by NYSE will be considered to constitute a breach of the ITS Regulations on admitting financial instruments to trading and result in termination of trading in the QI on ITS. In case NYSE decides to suspend trading in the Shares until the date of their delisting on NYSE, ITS may make a similar decision.