On May 3, 2024, Canoo Inc., an automotive company, announced the completion of a significant financial transaction involving the sale of preferred shares and warrants. The company filed the Certificate of Designation for its Series C Cumulative Perpetual Redeemable Preferred Stock, issuing up to 25,000 shares as part of a Securities Purchase Agreement with special purpose vehicles managed by entities affiliated with Tony Aquila, Canoo's CEO and Executive Chair. The sale resulted in the issuance of 10,000 preferred shares and warrants to purchase over 4.47 million shares of common stock, generating an aggregate purchase price of $10 million. After expenses, the net proceeds amounted to approximately $9.9 million. Canoo intends to allocate the net proceeds towards working capital and general corporate purposes. The terms of the preferred shares were detailed in a previous report filed on April 11, 2024, and are further elaborated in the Certificate of Designation attached to the current report.

On May 3, 2024, Canoo Inc., an automotive company, announced the completion of a significant financial transaction involving the sale of preferred shares and warrants. The company filed the Certificate of Designation for its Series C Cumulative Perpetual Redeemable Preferred Stock, issuing up to 25,000 shares as part of a Securities Purchase Agreement with special purpose vehicles managed by entities affiliated with Tony Aquila, Canoo's CEO and Executive Chair. The sale resulted in the issuance of 10,000 preferred shares and warrants to purchase over 4.47 million shares of common stock, generating an aggregate purchase price of $10 million. After expenses, the net proceeds amounted to approximately $9.9 million. Canoo intends to allocate the net proceeds towards working capital and general corporate purposes. The terms of the preferred shares were detailed in a previous report filed on April 11, 2024, and are further elaborated in the Certificate of Designation attached to the current report.