The California-based company that had plans to build an electric vehicle at the former GM Assembly Plant in Lordstown was delisted from the New York Stock Exchange.

On Monday, trading of Fisker (FSR) stock was suspended, and at the close of trading, it was selling for 9 cents per share.

This was more bad news for the cash-strapped company after being announced earlier in the day that talks with a major automobile provider had broken off for a partnership.

The last time the stock was above $1.00 was on January 12, when it was selling for $1.03. 

Fisker began being publicly traded in 2018 and hit its max value of $28.50 in February of 2021.

Plans for the company to manufacture a small electric vehicle at Foxconn’s plant in Lordstown were put on hold as Fisker struggled to survive financially.

Fisker reported a loss of $463.6 million in the final quarter of 2023 primarily attributed to a combination of operating losses and adjustments related to its 2025 notes.

Fisker announced in early March that it had secured $150 million from a current investor. The funding would be provided in four installments, along with certain conditions for financing.