On February 29, 2024, Canoo Inc. conducted a special meeting of stockholders to vote on several key proposals. The meeting achieved a quorum with 497,267,983 shares represented. The stockholders approved a reverse stock split at a ratio between 1:2 and 1:30, with the exact ratio and timing to be determined by the board within a year from the meeting date. Additionally, stockholders approved CEO Tony Aquila's equity awards, consisting of a performance-vesting restricted stock unit award and a restricted stock unit award, totaling 118,148,297 potential shares. The awards are not part of the Canoo Inc. 2020 Equity Incentive Plan. A proposal to adjourn the meeting to a later date, if necessary, was also approved. The voting results were detailed in the definitive proxy statement filed with the SEC on January 18, 2024.

On February 29, 2024, Canoo Inc. conducted a special meeting of stockholders to vote on several key proposals. The meeting achieved a quorum with 497,267,983 shares represented. The stockholders approved a reverse stock split at a ratio between 1:2 and 1:30, with the exact ratio and timing to be determined by the board within a year from the meeting date. Additionally, stockholders approved CEO Tony Aquila's equity awards, consisting of a performance-vesting restricted stock unit award and a restricted stock unit award, totaling 118,148,297 potential shares. The awards are not part of the Canoo Inc. 2020 Equity Incentive Plan. A proposal to adjourn the meeting to a later date, if necessary, was also approved. The voting results were detailed in the definitive proxy statement filed with the SEC on January 18, 2024.