(Reuters) -Fisker’s talks with a big automaker for a possible deal have collapsed, it stated on Monday amid rising uncertainty for the cash-strapped startup that final week paused electric-vehicle manufacturing.Buying and selling within the shares of the corporate, which didn’t title the automaker with which it was in talks, has been halted pending an announcement.Fisker additionally stated it will be unable to fulfill a closing situation associated to its try to lift as much as $150 million in funding by promoting convertible notes after lacking an curiosity cost.Individually, Fisker stated it will ask buyers to vote on a proposal for a reverse inventory cut up at a shareholder assembly on April 24, because it seems to take care of compliance with the Nasdaq’s itemizing norms.Reuters had reported earlier this month that Nissan was in superior talks to spend money on the corporate, nevertheless, earlier within the day, the Japanese automaker held an occasion during which it introduced a long-term marketing strategy, together with its EV technique, and stated it was in search of companions in the USA.Elevating funds has been arduous for loss-making electrical car startups, which have little in approach of income as they wrestle to ramp up manufacturing and ship to clients, as the businesses battle stiff competitors and a tricky economic system.The EV startup’s shares have cratered this yr, shedding greater than 90% of their worth, after it flagged going concern threat in February and paused investments in future tasks till it secured a partnership with an automaker.Fisker pivoted to a dealer-partner mannequin earlier this yr, after it delivered lower than half of the autos it made in 2023 as a consequence of logistics points.(Reporting by Zaheer Kachwala and Akash Sriram in Bengaluru; Modifying by Shilpi Majumdar and Arun Koyyur)