On October 11, 2024, Canoo Inc. entered into a second Supplemental Agreement with investment firm Yorkville, securing an additional $2.659 million in funding, with net proceeds of approximately $2.5 million after fees and discounts. This agreement is part of a larger arrangement allowing Canoo to request up to $100 million in Prepaid Advances from Yorkville. Concurrently, Canoo issued Yorkville a warrant to purchase around 1.2 million shares at $1.1118 per share, exercisable from April 11, 2025, to October 11, 2029. Additionally, Canoo has received approximately $4.7 million from an at-the-market offering, with a new consent agreement allowing further sales until November 22, 2024, with proceeds to be split evenly with Yorkville. The issuance of the warrants is exempt from registration under the Securities Act of 1933, as Yorkville is an accredited investor. These financial moves are part of Canoo's strategy to secure funding and manage capital for its operations and growth.

On October 11, 2024, Canoo Inc. entered into a second Supplemental Agreement with investment firm Yorkville, securing an additional $2.659 million in funding, with net proceeds of approximately $2.5 million after fees and discounts. This agreement is part of a larger arrangement allowing Canoo to request up to $100 million in Prepaid Advances from Yorkville. Concurrently, Canoo issued Yorkville a warrant to purchase around 1.2 million shares at $1.1118 per share, exercisable from April 11, 2025, to October 11, 2029. Additionally, Canoo has received approximately $4.7 million from an at-the-market offering, with a new consent agreement allowing further sales until November 22, 2024, with proceeds to be split evenly with Yorkville. The issuance of the warrants is exempt from registration under the Securities Act of 1933, as Yorkville is an accredited investor. These financial moves are part of Canoo's strategy to secure funding and manage capital for its operations and growth.