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On a different but maybe related note, AFV is basically stepping in to Fund canoo moving forward instead of YA.
This is probably both good and bad, or at least problematic, which may explain Gregs departure.
Good because YA is a loan shark, with no interest in seeing Canoo make it. Tony funding Canoo via AFV is good, bc he obviously has the most to gain with Canoo surviving.
It's problematic because AFV is also getting paid via interest and it also appears to be structuring the deal to insulate the machinery from bankruptcy, whereby if Canoo the company did fold, then AFV, who already owns the building, would also own all the robots and could potentially just start up again under a new name while Canoo investors are left with nothing.
$GOEV
Canoo and DD have agreed to settle their lawsuit outside of the courts. It has been dismissed without prejudice, so they can go back to court if they don't work it out - but only have until late Nov to go back to court - it will be dismissed w/ prejudice then. $GOEV
Canoo gets approval from UK to operate pilot testing - highlights only needing less than a 2% change to the BOM to make the LDVs operable in the UK.
$GOEV
What a wonderful way to celebrate Southmoore High School Homecoming in Oklahoma !! Always great to have a local company & community be so positive. Career opportunities for so many after they graduate !! Let’s Go @canoo $GOEV 🛶🔋🏆🏈
Canoo teams up with @BicesterH to bring customer-focused EV solutions to the UK, Europe, and the Middle East. Full details in our latest PR on the investor page.
https://t.co/cpdyxBSivA
#CanooUK#BicesterHeritage#UKFleets
Today @canoo announced final approval for their Foreign-Trade Zone(FTZ) status to become active.
Gonna be honest I didn't realize it wasn't already active from the initial announcement earlier this year.
$GOEV
new $GOEV filing. Just skimmed it, the previous ATM is out, and now they have a new $200M ATM with Northland Securities.
Yorkville gives them a blessing to take the first $5M from the ATM without having to payback Yorkville.
@canoo also withdraws past 2024 guidance