Canoo Inc., an advanced mobility technology company, has filed a prospectus related to the sale of up to 5,571,500 shares of its common stock by the Selling Stockholder, Capital OKC Alliance II Inc. The shares may be offered following a securities purchase agreement dated September 29, 2023, where Canoo entered into with the Selling Stockholder. The transaction closed on October 12, 2023, with the sale of Preferred Shares and Warrants to the Selling Stockholder, alongside the filing of a certificate of designation for the Preferred Stock. The common stock includes shares that may be issued upon conversion of Preferred Shares, pursuant to Warrants, and for payment of dividends on Preferred Shares. Canoo will not sell any securities under this prospectus nor receive proceeds from the...Show More

Canoo Inc., an advanced mobility technology company, has filed a prospectus related to the sale of up to 5,571,500 shares of its common stock by the Selling Stockholder, Capital OKC Alliance II Inc. The shares may be offered following a securities purchase agreement dated September 29, 2023, where Canoo entered into with the Selling Stockholder. The transaction closed on October 12, 2023, with the sale of Preferred Shares and Warrants to the Selling Stockholder, alongside the filing of a certificate of designation for the Preferred Stock. The common stock includes shares that may be issued upon conversion of Preferred Shares, pursuant to Warrants, and for payment of dividends on Preferred Shares. Canoo will not sell any securities under this prospectus nor receive proceeds from the Selling Stockholder's sale of common stock. However, Canoo has already received approximately $45.0 million from the sale of Preferred Shares and Warrants to the Selling Stockholder and may receive an additional $12.9 million upon exercise of the Warrants. The Selling Stockholder may sell the shares in various ways, as detailed in the 'Plan of Distribution' section. Canoo's common stock and public warrants are traded on Nasdaq under the symbols 'GOEV' and 'GOEVW,' respectively. The last reported sale price of Canoo's common stock on Nasdaq as of July 8, 2024, was $2.26 per share. Investing in Canoo's securities involves risks, as outlined under the 'Risk Factors' section of the prospectus.