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FISKER NEWS RELEASE Fisker Inc. Announces Third Quarter 2021 Financial Results 11/3/2021 • Q3 2021 operating results consistent with expectations and full - year total spending guidance unchanged . • Successful Green Convertible Bond offering in August bolstered cash balance to $ 1.40 billion as of September 30 , 2021 compared to $ 962 million as of June 30 , 2021 . • Secured long - term commitment for over 5 GWh's of initial annual battery supply from global leader CATL with mechanisms in place to expand over time . Dual pack / chemistry strategy enables Fisker to optimize performance , application , cost , and market position across the Fisker Ocean lineup . • Test and validation phase progressing well , with prototype body shop production now operational and ongoing at Fisker Ocean's assembly facility . • Secured lease for flagship experience center in Los Angeles . LOS ANGELES -- ( BUSINESS WIRE ) -- Fisker Inc. ( NYSE : FSR ) ( " Fisker " ) -- passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions -- today announced its financial results for the third quarter ended September 30 , 2021 . This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20211103006141/en/ " We continued to make rapid progress in Q3 2021 on our core focus , achieving program milestones that ensure we execute Fisker Ocean SUV on time and with several segment - leading features . We are very excited to provide details and kick off our marketing activities at the L.A. Auto Show two weeks from today , " stated Henrik Fisker , Chairman and Chief Executive Officer of Fisker . Prototype testing and validation of the Fisker Ocean has been underway for some time , with the " Mule 1 " build completed and " Mule 2 " testing progressing as planned . The prototype Body Shop at the Fisker Ocean assembly facility in Austria is fully operational and production of prototype bodies for the next phase of testing has begun . ( Photo : Business Wire ) 1