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8-K: Canoo Announces Appointment of Kunal Bhalla as its Chief Financial Officer

8-K: Canoo Announces Appointment of Kunal Bhalla as its Chief Financial Officer

8-K:Canoo宣佈任命Kunal Bhalla爲其首席財務官
美股SEC公告 ·  11/06 06:26

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Canoo Inc., an American electric vehicle company, has undergone significant financial and personnel changes as reported in their recent SEC Form 8-K filing. On October 18, 2024, Canoo issued an Unsecured Grid Promissory Note to AFV Management Advisors, LLC, affiliated with Tony Aquila, Canoo's CEO, for $850,000 with an 11% interest rate. Subsequent advances on October 30 and November 1 increased the principal to $3,845,000. By November 5, Canoo had entered into a Revolving Credit Facility Agreement with AFV, securing up to $12 million in working capital advances with certain assets as collateral. The initial draw of $3,855,322 was used to repay the original note. Additionally, Canoo announced the appointment of Kunal Bhalla as Chief Financial Officer on October 31, following the resignations of former CFO Greg Ethridge and General Counsel Hector Ruiz. Sean Yan was appointed as General Counsel and Secretary, and Ramesh Murthy as Chief Administrative Officer. Amidst these changes, Canoo also disclosed a temporary workforce reduction by furloughing 23% of its Oklahoma City factory workers for twelve weeks as part of a North American operations realignment.
Canoo Inc., an American electric vehicle company, has undergone significant financial and personnel changes as reported in their recent SEC Form 8-K filing. On October 18, 2024, Canoo issued an Unsecured Grid Promissory Note to AFV Management Advisors, LLC, affiliated with Tony Aquila, Canoo's CEO, for $850,000 with an 11% interest rate. Subsequent advances on October 30 and November 1 increased the principal to $3,845,000. By November 5, Canoo had entered into a Revolving Credit Facility Agreement with AFV, securing up to $12 million in working capital advances with certain assets as collateral. The initial draw of $3,855,322 was used to repay the original note. Additionally, Canoo announced the appointment of Kunal Bhalla as Chief Financial Officer on October 31, following the resignations of former CFO Greg Ethridge and General Counsel Hector Ruiz. Sean Yan was appointed as General Counsel and Secretary, and Ramesh Murthy as Chief Administrative Officer. Amidst these changes, Canoo also disclosed a temporary workforce reduction by furloughing 23% of its Oklahoma City factory workers for twelve weeks as part of a North American operations realignment.
美國電動汽車公司Canoo Inc.在最近提交的SEC表格8-k中報告,經歷了重大的財務和人員變動。2024年10月18日,Canoo向與CEO Tony Aquila有關的AFV Management Advisors,LLC發行了一張未擔保的網格期票據,金額爲85萬美元,利率爲11%。在10月30日和11月1日的後續融資使本金增加至384.5萬美元。到11月5日,Canoo已與AFV簽訂了一份循環信貸協議,以某些資產作爲抵押,獲得了1200萬美元的運營資金。最初的385.5萬美元用於償還原始票據。另外,Canoo宣佈於10月31日任命Kunal Bhalla爲首席財務官,接替前首席財務官G...展開全部
美國電動汽車公司Canoo Inc.在最近提交的SEC表格8-k中報告,經歷了重大的財務和人員變動。2024年10月18日,Canoo向與CEO Tony Aquila有關的AFV Management Advisors,LLC發行了一張未擔保的網格期票據,金額爲85萬美元,利率爲11%。在10月30日和11月1日的後續融資使本金增加至384.5萬美元。到11月5日,Canoo已與AFV簽訂了一份循環信貸協議,以某些資產作爲抵押,獲得了1200萬美元的運營資金。最初的385.5萬美元用於償還原始票據。另外,Canoo宣佈於10月31日任命Kunal Bhalla爲首席財務官,接替前首席財務官Greg Ethridge和總法律顧問Hector Ruiz的辭職。Sean Yan被任命爲總法律顧問兼秘書,Ramesh Murthy被任命爲首席行政官。在這些變動之中,Canoo還披露了暫時性的員工減少,將俄克拉荷馬市工廠工人中的23%放無薪假12周,作爲北美業務重組的一部分。
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