Form 8-K Canoo Inc. For: Jun 13

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Go back to Form 8-K Canoo Inc. For: Jun 13

Canoo Inc. (GOEV) Enters $15M Pre-Paid Advance Agreement

June 13, 2024 4:46 PM EDT

On June 13, 2024 Canoo Inc. (NASDAQ: GOEV) entered into a Pre-Paid Advance Agreement (the PPA) with YA II PN, Ltd., a Cayman Islands exempt limited partnership (Yorkville). In accordance with the terms of the PPA, on the Effective Date, Yorkville agreed to advance $15,000,000 to the Company (the Pre-Paid Advance).

The Pre-Paid Advance will be offset upon the issuance of shares of the Companys common stock (Common Stock) to Yorkville at an initial Purchase Price (as such term is used in the PPA) equal to $2.30 per share.

On the date that is the (i) 60th day... More