JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), (the "Company"), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company's assets and the distribution of proceeds to creditors. Despite being American-made, successfully delivering to such esteemed organizations as NASA, the Department of Defense ("DOD"), The United States Postal Service ("USPS"), the State of Oklahoma and having agreements with W

JUSTIN, Texas, Dec. 20, 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-20 reverse stock split of its common stock, par value $0.0001 per share ("Common Stock"), that will become effective on December 24, 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 December 24, 2024. The new CUSIP number for Canoo's Common Stock following the reverse stock split will be 13803R300. At the Company's

JUSTIN, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources. Canoo said, "We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon." About CanooFounded in 2017, Canoo Inc. (NASDAQ:GOEV) is an automotive tech company that manufactures e

NEW YORK, NY / ACCESSWIRE / December 3, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day December Small-Cap Conference taking place Wednesday and Thursday, December 4-5, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times ESTWednesday, December 4th, 2024 (Day 1)9:15-9:45Pantheon Resources (PANR)inTEST Corporation (INTT)10:00-10:30Granite Ridge Resources (GRNT)InfuSystem Holdings, Inc. (INFU)10:45-11:15*****Charles River Associates (CRAI)11:30-12:00North American Construction (NOA)CBIZ (CBZ)12:1

JUSTIN, Texas, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV) (the "Company"), a high-tech advanced mobility company , today announced that it has adjourned its Annual Meeting of Stockholders (the "Annual Meeting") in order to provide stockholders additional time within which to vote on all proposals. At this time, there are not present, by remote communication or by proxy, a sufficient number of shares of the Company's common stock to constitute a quorum. The Company's Board of Directors continues to believe that all of the proposals contained in the proxy statement are advisable and in the best interests of the Company's stockholders to consider and act upon. Therefore, the

JUSTIN, Texas and LONDON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced a new service, maintenance, and repair (SMR) agreement with Northside Truck & Van Ltd. ("Northside"), a premier automotive service provider in the United Kingdom. With a current aftersales portfolio of over 280 garages in the country, Northside will provide support and maintenance of Canoo's light commercial vehicles (LCVs) for commercial fleet and government customers including 24/7/365 maintenance service availability in the United Kingdom. With the growing demand for sustainable commercial transportation solutions, Canoo is at the forefront of pro

Quarterly revenue of $0.9 million, and year-to-date revenue of $1.50 millionQuarterly Adjusted EBITDA was $(37.7) million, an improvement of 2% versus Q3 2023Adjusted Net Loss Per Share was $(0.54), a 67% improvement versus $(1.71) in Q3 2023 and comparable to $(0.61) per share in Q2 2024Quarterly cash outflow of $31.3 million in Q3 2024, compared to cash outflow of $39.4 million in Q2, 2024, a 20.7% reduction between Q3 and Q2 2024, and a 58.6% reduction from Q3 2023.Our consolidation of operations from California to Texas and Oklahoma will result in estimated future savings of approximately $12 million - $14 million on an annualized basis, with potential for additional savings. JUSTIN, Te

JUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, November 13, 2024 and host a conference call and webcast at 5 p.m. ET to discuss the results. The call will be hosted by Tony Aquila, Investor, Executive Chairman and Chief Executive Officer, Kunal Bhalla, Chief Financial Officer, and Ramesh Murthy, Senior Vice President Finance, Chief Accounting Officer, and Chief Administrative Officer. Conference Call and Webcast DetailsA slide presentation and webcast link will be posted on the Canoo

JUSTIN, Texas and LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that the company has signed an agreement with The AA, the UK's No.1 breakdown provider, to enhance the customer experience with premium service and repair for Canoo's commercial fleet and government customers throughout the United Kingdom. The AA (Automobile Association) has a rich history in the UK, having been established almost 120 years ago. It has evolved from its origins in providing roadside assistance to becoming a significant player in managing a vast fleet of vehicles for businesses. With a breakdown customer base of over 11 million busines

JUSTIN, Texas, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it has received the IVA (Individual Vehicle Approval) regulatory certificates, meeting the national technical requirements for its Right-Hand Drive (RHD) electric commercial delivery vans in the United Kingdom. This marks a significant milestone for Canoo as the company prepares for pilot testing the RHD variants of its LDV 130 and LDV 190 electric commercial delivery vans with a prestigious fleet in the United Kingdom. Canoo achieved IVA certificates for RHD LDV 190 and RHD LDV 130 vehicles, in just three months with less than 2% changes to Bill of Materi

JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), (the "Company"), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company's assets and the distribution of proceeds to creditors. Despite being American-made, successfully delivering to such esteemed organizations as NASA, the Department of Defense ("DOD"), The United States Postal Service ("USPS"), the State of Oklahoma and having agreements with W

Canoo to establish first European location in Bicester Motion allowing UK customers to experience and test drive Canoo's right-hand drive commercial electric vansCanoo's expansion poised to capitalize on the strong demand in the light commercial vehicle (LCV) market JUSTIN, Texas, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced the company's official launch into the United Kingdom market by establishing Canoo Technologies UK Limited, a new legal entity in the UK, marking a significant milestone in the company's global expansion strategy. Canoo has selected Bicester Motion, an iconic automotive campus, as a key loc

Justin, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), an advancing high-tech mobility company, today announced appointments of two leaders in electric mobility, public policy, clean energy, technology, and cybersecurity to the company's Board of Directors. The appointments of Ms. Deborah Diaz and Mr. James Chen are effective immediately."I'm excited to strengthen the board with the additions of Deborah and James," said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo. "As innovators and leaders, they will support Canoo and its team achieve our strategic growth objectives and increase our market penetration."Deborah B. Diaz previously served as former Chief T

JUSTIN, Texas, Aug. 28, 2023 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a leading high-tech advanced mobility company, announced it has named current Board Member Greg Ethridge as Chief Financial Officer, succeeding Ken Manget.  Ethridge will report to Canoo Chairman and CEO, Tony Aquila.  This move is effective immediately, and Ethridge will assume responsibilities for capital markets, investor relations, accounting & financial reporting functions. Ethridge agrees to resign from Canoo's Board of Directors by the end of the year. "I am pleased to announce the appointment of Greg to 

JUSTIN, Texas, Jan. 26, 2023 /PRNewswire/ --  Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today named Ken Manget, Chief Financial Officer.  Reporting directly to Canoo Chairman and CEO, Tony Aquila, Manget will be responsible for Capital Markets, Investor Relations, Accounting & Financial Reporting. Ramesh Murthy, who served as interim CFO, will continue in his role as Senior Vice President, Finance and Chief Accounting Officer. "We are pleased to appoint Ken to Canoo's executive management team. We have worked together for many years, starting at Ontario

Stifel downgraded Canoo from Buy to Hold

R. F. Lafferty downgraded Canoo from Buy to Hold

The Benchmark Company initiated coverage of Canoo with a rating of Buy and set a new price target of $5.00

Wedbush initiated coverage of Canoo with a rating of Outperform and set a new price target of $4.00

Stifel initiated coverage of Canoo with a rating of Buy and set a new price target of $4.00

ROTH Capital upgraded Canoo from Neutral to Buy and set a new price target of $14.00 from $9.00 previously

HC Wainwright & Co. initiated coverage of Canoo with a rating of Buy and set a new price target of $15.00

Roth Capital reiterated coverage of Canoo with a rating of Neutral and set a new price target of $7.00 from $10.00 previously

Roth Capital reiterated coverage of Canoo with a rating of Neutral and set a new price target of $10.00 from $7.00 previously

B of A Securities initiated coverage of Canoo with a rating of Underperform and set a new price target of $6.00