Monday, March 25, 2024
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Report: Fisker's Talks For Funding From Nissan Collapse
A report this morning says that talks between Los Angeles-based EV maker Fisker Automotive and auto maker Nissan have collapsed, putting the company's future in jeopardy. According to a filing with the SEC, Fisker terminated its negotiations with an un-named auto-maker on March 22, without explaining the reasons. The publicly traded auto maker's stock has plunged in recent weeks, and the company laid off staff in February, and has been suffering from cash flow problems.
posted on Monday, March 25, 2024(Full story)
Boom Supersonic Reports Successful Test Flight
Mojave-based Boom Supersonic, which says it is developing a new, supersonic jet airliner, says it has successfully flown its XB-1 demonstrator aircraft, which will enable supersonic flight, aimed at bring supersonic flight back to the passenger market. The company said its XB-1 aircraft is aimed at the ultimate development of "Overture", the company's planned supersonic passenger aircraft. Black Scholl is founder and CEO of Boom Supersonic. The company said its aircraft achieved an altitude of 7 (More info...)
posted on Monday, March 25, 2024(Full story)
B. Riley Financial Gets Nasdaq Notification
Los Angeles-based B. Riley Financial, the provider of investment banking and other services which trades on the Nasdaq as RILY, said on Friday that it has received a "delinquency notification letter" from the Nasdaq. According to the company, the notice states that the company is "not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2023". The company said the delay came as a result of (More info...)
posted on Monday, March 25, 2024(Full story)
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