Summary by Moomoo AI
On May 3, 2024, a series of investment entities collectively known as AFV Partners SPV entities, along with I-40 OKC Partners LLC and AFV Management Advisors LLC, filed an amendment to Schedule 13D/A with the SEC, disclosing their ownership stakes in Canoo Inc. The filing, led by Tony Aquila, who is the managing member of AFV Management Advisors LLC, indicates a collective ownership of 11,912,893 shares of Canoo's common stock, representing a 16.4% stake. Additionally, Tony Aquila personally holds 2,333,078 shares, bringing his total beneficial ownership to 14,245,971 shares, or 19.6% of the company. The entities have acquired these shares through a combination of direct ownership, warrants, and convertible preferred stock. The filing also details the terms of the Series C Preferred Stock and associated warrants, including conversion rights, dividend preferences, and voting power. The investments were made for strategic purposes, and the filing disclaims the formation of a group among the reporting persons.
