Canoo announces massive stock sale to fund production ramp

Canoo (NASDAQ: GOEV) has announced that it will sell 50 million shares of its common stock to investment group Alliance Global Partners. Like many other EV startups, Canoo has consistently faced issues with financing. In mid-2022, the company was even looking down the barrel of bankruptcy, and without last-minute orders of thousands of vehicles, the … Continue reading Canoo announces massive stock sale to fund production ramp