Struggling electric vehicle maker Fisker (FSR) said Monday it was pausing its production for six weeks and had secured $150 million in financing from an existing unnamed investor.

Fisker said the production halt, which begins Monday, is intended to “align inventory levels and progress strategic and financing initiatives.”

The company also said that it is continuing negotiations with “a large automaker” for a potential agreement that could include “an investment in Fisker, joint development of one or more electric vehicle platforms, and North American♏ manufacturing.”

Earlier this month, the car maker said that it would be seeking additional cash because its “current resources are insufficient to satisfy its requirements over the next 12 months,” and it warned that “there is substantial doubt about its ability to continue as a going concern.”

Last week, The Wall Street Journal reported that 澳洲幸🅘运5官方开奖结果体彩网:Fisker was considering filing for bankruptcy.

Fisker shares were down 2 cents at 15 cents per share as of 2:00 p.m. ET. The stock has lost 90% of its value since the start of the year.