Canoo Inc. Class A Common Stock

Canoo Inc., a high-tech advanced mobility and energy company, has filed for Chapter 7 bankruptcy despite successful deliveries to organizations like NASA, the Department of Defense, and the U.S. Postal Service. The company was unable to secure financial support from the U.S. Department of Energy's Loan Program Office and failed to secure foreign capital, leading to the difficult decision to file for insolvency.

Related tickers: GOEV, GOEVW.

Canoo Inc. (NASDAQ: GOEV) announced a 1-for-20 reverse stock split to bring the company into compliance with Nasdaq's minimum bid price requirement and make the stock more attractive to investors.

Related tickers: GOEV, GOEVW.