Canoo announces massive stock sale to fund production ramp
Teslarati
FEBRUARY 6, 2023
Like many other EV startups, Canoo has consistently faced issues with financing. Now, as the American startup looks to produce its first EV offering, the Lifestyle Vehicle, it has announced it will sell 50 million shares of its common stock to cover costs. ” Currently, Canoo is establishing two manufacturing facilities in Oklahoma.
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