Canoo

[OKCTalker]

So the employees changed their addresses on paper in order to meet Oklahoma resident employee incentive requirements, and the three “Oklahoma-built” cars bought by the state were actually assembled elsewhere. This is a huge fraud perpetrated by anyone who had a hand in any of it, with criminal implications at the local and federal levels, and prison sentences.

Pete, who owns the land, plant, equipment & inventory for their two Oklahoma facilities?

[Pete]

So the employees changed their addresses on paper in order to meet Oklahoma resident employee incentive requirements, and the three “Oklahoma-built” cars bought by the state were actually assembled elsewhere. This is a huge fraud perpetrated by anyone who had a hand in any of it, with criminal implications at the local and federal levels, and prison sentences.

Pete, who owns the land, plant, equipment & inventory for their two Oklahoma facilities?

An LLC owned by the Canoo CEO, Tony Aquila, owns the OKC property and I assume the equipment as well. But Canoo pays him to lease it.

Reading the Canoo investors subreddit, many people have complained about Aquila's self-dealing for at least two years.

It sounds like there may be a bunch of lawsuits surrounding all this.

[Paule4ou]

On December 19, 2024, Canoo Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Second Amended and
Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the
Company’s common stock, par value $0.0001 per share (“Common Stock”). Pursuant to the Certificate of Amendment, effective as of 8:00 a.m., Eastern Time, on December
24, 2024 (the “Effective Time”), every 20 shares of Common Stock issued and outstanding, including shares of Common Stock held by the Company as treasury shares, will be
automatically combined into one share of Common Stock. As of December 18, 2024, the Company had 289,720,778 shares of Common Stock issued and outstanding. The
Company’s stockholders of record will receive a cash payment (without interest) in lieu of any fractional shares they would have otherwise been entitled to receive in the
Reverse Stock Split.

The Common Stock is expected to begin trading on The Nasdaq Capital Market on a split-adjusted basis at the opening of trading on December 24, 2024. The Common
Stock will continue trading on The Nasdaq Capital Market under the symbol “GOEV” with a new CUSIP number (13803R300). The Company’s publicly traded warrants will
continue to be traded on The Nasdaq Capital Market under the symbol “GOEVW” and the CUSIP number for the public warrants will remain unchanged. However, under the
terms of the applicable warrant agreement, the number of shares of Common Stock issuable on exercise of each warrant will be proportionately decreased. Specifically,
following effectiveness of the Reverse Stock Split, every 20 shares of Common Stock that may be purchased pursuant to the exercise of public warrants will represent one share
of Common Stock that may be purchased pursuant to such warrants. Accordingly, for the Company’s warrants trading under the symbol “GOEVW”, every 20 warrants will be
exercisable for one share of Common Stock at an exercise price of $5,290.00 per share of Common Stock.

As of the Effective Time, the number of shares of Common Stock available for issuance under the Company’s equity incentive plans and issuable pursuant to equity
awards immediately prior to the Reverse Stock Split will be proportionately adjusted by the Reverse Stock Split. The exercise prices of the Company’s outstanding options and
equity awards will be adjusted in accordance with their respective terms.

The Reverse Stock Split will affect all record holders of the Common Stock uniformly and will not affect any record holder’s percentage ownership interest in the
Company, except for de minimis changes as a result of the elimination of fractional shares. Holders of Common Stock who hold in “street name” in their

[CaptDave]

An LLC owned by the Canoo CEO, Tony Aquila, owns the OKC property and I assume the equipment as well. But Canoo pays him to lease it.

Reading the Canoo investors subreddit, many people have complained about Aquila's self-dealing for at least two years.

It sounds like there may be a bunch of lawsuits surrounding all this.

Grifters gonna grift........