2020 has been a tumultuous year for a number of companies: from Virgin Orbit running low on cash to ByteDance pushing its TikTok replacement, and Canoo settling with the SEC. These events symbolize the resiliency of the tech industry in the face of adversity and the importance of staying ahead of the curve. In May… Continue reading Virgin Orbit
Category: canoo
company Canoo
Canoo, a California-based electric vehicle company, has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). Canoo allegedly raised $40 million from an initial public offering in 2019 without disclosing vital information related to their finances. This is why the SEC required Canoo to pay the $1.5 million settlement: the… Continue reading company Canoo
company Canoo
Leading electric vehicle (EV) company Canoo has recently agreed to a $1.5 million settlement with the Securities and Exchange Commission (SEC). The dispute was centered around Canoo’s disclosure of information in the early stages of its 2019 initial public offering (IPO). The SEC allege that Canoo had failed to appropriately disclose potential conflicts of interest… Continue reading company Canoo
Canoo agrees
EV SPAC Canoo, the electric vehicle start-up, recently announced a deal to sell $52M of its shares in order to stay afloat and remain in the market. The funding was secured from investors including Colonel E Holdings, LLC and HANW Invest Group. Canoo, a Los Angeles-based electric vehicle start-up, was founded in 2018 by former… Continue reading Canoo agrees