March 25 Reuters Fisker39;s talks with a large automaker for a potential deal have collapsed, it said on Monday amid growing uncertainty for the cashstrapped startup that last week paused electricvehicle production.

Trading in the shares of the company, which did not name the automaker with which it was in talks, has been halted pending an announcement.

The termination of talks has led Fisker to search for strategic options, including in or outofcourt restructurings, and capital markets transactions, the startup said.

I can39;t put it if it is next week or next year, but it is inevitable, Thomas Hayes, Chairman at hedge fund Great Hill Capital, said on the growing chances of Fisker likely to file for bankruptcy protection.

A potential bankruptcy will make Fisker the second failed auto startup from Henrik Fisker, who started his career as an automotive designer and was also a Tesla consultant.

His previous attempt, Fisker Automotive, fell victim to the 2008 financial crisis and filed for bankruptcy in 2013 despite fetching 192 million in loans from the Department of Energy.

Fisker39;s latest venture was founded in 2016 and went public through a merger with a blankcheck firm for a valuation of 2.9 billion.

But a slew of supply chain issues, production delays and fundraising hurdles sent its market valuation crashing to less than 100 million.

Reuters had earlier this month reported that Japanese automaker Nissan was in advanced talks to invest in the startup….