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ReutersReuters

Canoo Intends To File Petition In Chancery Court Under Section 205 Of Dgcl To Seek Validation Of Share Authorization Proposal

GOEV

Canoo Inc GOEV:

  • CANOO-INTENDS TO FILE PETITION IN CHANCERY COURT UNDER SECTION 205 OF DGCL TO SEEK VALIDATION OF SHARE AUTHORIZATION PROPOSAL,SHARES ISSUED THEREUNDER

  • CANOO-IF NOT SUCCESSFUL IN SECTION 205 PROCEEDING,UNCERTAINTY WITH CAPITALIZATION RESULTING FROM COURT RULING CAN HAVE MATERIAL ADVERSE IMPACT ON CO

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