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FiskerTechCrunch
•73% Informative
Henrik Fisker and Geeta Gupta-Fisker are lowering their salaries to $ 1 in order to keep their failed EV startup’s bankruptcy proceedings funded.
The couple, who co-founded the startup in 2016 , made the decision July 8 , five days after they were grilled about the issue by a U.S. Trustee .
The decision comes as the company is pushing to sell more than 3,000 of its remaining Ocean SUVs to American Lease , a New York -area company.
Fisker 's way of making good with Heights was to pledge all of its assets as collateral for the remaining debt.
That debt was not secured by any collateral, but instead could be converted into Fiskinger stock.
Heights is still claiming to be owed more than $180 million , when the unsecured creditors are collectively owed $1 billion .
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