Bankruptcy: Canoo Inc.

Form Type: 8-K

Filing Date: 2025-01-24

Corporate Action: Bankruptcy

Type: New

Accession Number: 000162828025002459

Filing Summary: On January 22, 2025, Canoo Inc. received notification from the Nasdaq Stock Market that its securities will be delisted due to a filing for protection under Chapter 7 of the U.S. Bankruptcy Code on January 17, 2025. The decision was based on public interest concerns and the company's failure to meet continued listing standards. The company will not appeal this determination and expects trading in its common stock to be suspended starting January 29, 2025, leading to a subsequent delisting from Nasdaq.

Form Type: 8-K

Filing Date: 2025-01-21

Corporate Action: Liquidation

Type: New

Accession Number: 000162828025001918

Filing Summary: On January 17, 2025, Canoo Inc. and its subsidiaries filed for liquidation under Chapter 7 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware. This filing includes not only Canoo Inc. but subsidiaries like Canoo Technologies Inc., EV US Holdco Inc., EV Global Holdco LLC, Canoo Sales, LLC, and Canoo Manufacturing, LLC. A Chapter 7 trustee will be appointed, taking control over the assets and liabilities of the company, culminating in the liquidation of the Debtors' assets and payment of claims as outlined by the Bankruptcy Code. The filing effectively eliminates the authority of the Board of Directors and executive officers of Canoo Inc.