special-purpose acquisition company Spartan Energy Acquisition Corp., which is backed by private equity firm Apollo Global Management. On October 30, 2020, Fisker Inc. officially closed its merger with Spartan Energy Acquisition Corp. The company is publicly listed and traded on the New York Stock Exchange under the ticker (NYSE:FSR). On June 28, 2021, Fisker stock was added to the Russell 3000 Index. Controversies Tesla Motors v. Fisker Coachbuild (2008) On 14 April 2008, Tesla Motors filed a lawsuit against Fisker Coachbuild, Fisker and Koehler, contending that they had fraudulently agreed to a design contract in 2007 only to gain access to confidential information, before announcing a competing vehicle, the Fisker Karma. Both the Tesla and Fisker vehicles in question were designed as serial hybrid cars, with a gas engine powering a generator that charges a battery to power the electric motor, and both were initially planned for delivery in 2010. The lawsuit sought to prevent Fisker from using Tesla design documents, along with a return of the money from the Tesla contract, plus punitive damages. Fisker filed for arbitration in May 2008. An arbitrator ruled in their favor in November 2008, finding "overwhelming" evidence showing that Fisker did not do anything wrong. Subsequently, Tesla was ordered to pay $1.14 million in legal fees and costs to Fisker. Fisker Automotive congressional hearing (2013) Following his resignation from Fisker Automotive in March 2013, Fisker voluntarily testified on 24 April 2013, at a congressional hearing led by the House Oversight and Government Reform Committee on the Department of Energy's $192 million disbursement to Fisker Automotive through the Advanced Technology Vehicles Manufacturing Loan Program. Fisker Automotive had failed earlier that week to meet the deadline for repayment on the loan, which was originally approved as a $529 million loan guarantee. Fisker v. Aston Martin (2015–16) On 4 January 2016, Fisker filed a suit against Aston Martin and three of its executives for $100 million in damages for civil extortion, claiming that his former employer was trying to prevent him from unveiling his new luxury sports car hybrid, the VLF Force 1 V10, at the 2016 North American International Auto Show. The complaint claimed that after Fisker released a single pen-on-paper sketch of the Force 1 in December 2015, he received a letter from Aston Martin claiming the design was too similar to their DB10 and demanding that he either change the design or not