Canoo inc. announces $52.5 million registered direct offering

Justin, texas , feb. 6, 2023 /prnewswire/ -- canoo inc. (nasdaq: goev) (the "company" or "canoo"), a high-tech advanced mobility company, announced today that it has entered into definitive agreements with certain institutional investors for the purchase and sale of 50,000,000 shares of the company's common stock together with warrants to purchase up to 50,000,000 shares of common stock at a combined purchase price of $1.05 per share and accompanying warrant, pursuant to a registered direct offering. the warrants will have an exercise price of $1.30 per share, will be initially exercisable beginning six months following the date of issuance and will expire five years from the initial exercise date.
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