Electric Vehicle Startup Canoo Meets Its Final Demise

The electric vehicle manufacturer Canoo has reached the end of the road. Shareholders of Canoo Registered (A) are facing a complete loss of their investment as the company entered Chapter 7 bankruptcy liquidation in January 2025, marking the definitive conclusion to its operations.

Trading in Canoo shares was officially suspended on the Nasdaq exchange on January 29, 2025, just twelve days after the company filed for Chapter 7 protection. This delisting from major trading platforms signaled the final chapter for the struggling EV startup. The company’s remaining assets have been transferred to a court-appointed trustee, with WHS Energy Solutions acquiring these assets for $4 million.

The Final Curtain: Chapter 7 Bankruptcy

Canoo initiated Read more...