Fisker Inc., a publicly-traded EV manufacturer headquartered in Manhattan Beach, California, filed for Chapter 11 protection on June 17, 2024 in the District of Delaware (Case No. 24-11390) before Judge Thomas M. Horan after an unprecedented EV market downturn, negative media coverage, failed strategic alternatives, and a mission-critical software vendor termination notice forced a rapid filing. At petition, the company carried approximately $854 million in funded debt, with CVI Investments (Heights) holding a primary secured position through convertible notes backed by first-priority liens on substantially all assets. After a failed going-concern marketing process (40+ parties contacted April 2024), the company pivoted to monetizing 3,321 finished Fisker Ocean EVs through a 363 sale to American Lease LLC for up to $46.25 million. A Chapter 11 Plan of Liquidation was confirmed October 16, 2024 and became effective October 17, 2024, establishing a Liquidating Trust for GUCs and an IP/Austria Assets Trust for secured notes. All equity was canceled on the Effective Date.