Summary by Moomoo AI
Canoo Inc., an advanced mobility technology company, has filed a prospectus related to the sale of up to 5,571,500 shares of its common stock by the Selling Stockholder, Capital OKC Alliance II Inc. The shares may be offered following a securities purchase agreement dated September 29, 2023, where Canoo entered into with the Selling Stockholder. The transaction closed on October 12, 2023, with the sale of Preferred Shares and Warrants to the Selling Stockholder, alongside the filing of a certificate of designation for the Preferred Stock. The common stock includes shares that may be issued upon conversion of Preferred Shares, pursuant to Warrants, and for payment of dividends on Preferred Shares. Canoo will not sell any securities under this prospectus nor receive proceeds from the...Show More
