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Stock impact report

Canoo Inc. Announces 1-for-23 Reverse Stock Split Effective March 8, 2024

Canoo Inc. - Class A (GOEV) 
Company Research Source: GlobeNewswire
Justin, TX, March 06, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ: GOEV), (“Canoo” or the “Company”), an advanced high-tech mobility company, announced today that it will effect a 1-for-23 reverse stock split of its common stock, par value $0.0001 per share (“Common Stock”), that will become effective on March 8, 2024, at 8:00 a.m., Eastern Time (“Effective Date”). Canoo’s Common Stock will continue to trade on The Nasdaq Capital Market under the existing ticker symbol "GOEV" and will begin trading on a split-adjusted basis when the market opens on March 8, 2024.  The new CUSIP number for Canoo’s Common Stock following the reverse stock split will be 13803R201. At the Company’s Special Meeting of Stockholders held on February 29, 2024 (the “Special Meeting”), the Company’s stockholders granted the Company’s board of directors (the “Board”) the discretion to effect a reverse stock split of all of the outstanding shares of the Company’s Common Stock through an amendment to its Secon Show less Read more
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