Canoo has entered into a $45 million Convertible Preferred Stock purchase agreement by a foreign strategic institutional investor with the potential for upsizing to $150 million
JUSTIN, Texas, Oct. 2, 2023 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a leading high-tech advanced mobility company, announced today that it has entered into a purchase agreement with a foreign strategic institutional investor, for an investment of $45 million. Canoo and the investor agreed to work together in good faith to negotiate one or more additional investments for up to $150 million. The closing and sale are expected to occur as promptly as practicable, subject to customary closing conditions.
Tony Aquila, Chairman, Investor, and CEO, commented, "The capital raised through
