Summary by Moomoo AI
Canoo Inc. has filed an amended Registration Statement on Form S-3 with the Securities and Exchange Commission (SEC) on July 10, 2024, in response to comments from the SEC's Division of Corporation Finance. The amendments address concerns raised in a letter from the SEC dated July 1, 2024, regarding the initial filing made on June 21, 2024. The SEC's comments included the need for Canoo to clarify the role of YA II PN, LTD as an underwriter and to disclose the material terms of the pre-paid advance agreement, including the conditions for the purchase decisions and the possibility of a refund of the $15 million advance. Canoo has revised its disclosures to comply with these requests and has confirmed its eligibility to use Form...Show More