UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 26, 2024
CANOO INC.
(Exact name of registrant as specified in its charter)
Delaware (State or Other Jurisdiction
of Incorporation) | 001-38824 (Commission
File Number) | 83-1476189 (I.R.S. Employer
Identification Number) |
19951 Mariner Avenue Torrance, California | 90503 |
| (Address of principal executive offices) | (Zip Code) |
(424) 271-2144
(Registrant’s telephone number,
including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading
symbol(s) | | Name of each exchange
on which registered |
| Common Stock, $0.0001 par value per share | | GOEV | | The Nasdaq Capital Market |
| | | | | |
| Warrants to purchase shares of Common Stock | | GOEVW | | The Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
On November 26, 2024, Canoo Inc. (the “Company”) entered into common stock purchase agreements with certain suppliers and vendors (collectively, the “Vendors”) pursuant to which the Company issued to the Vendors an aggregate of 7,185,125 shares of the Company’s common stock, respectively (collectively, the “Shares”) at a price of $0.3992 per share, in payment for services rendered under contractual arrangements with such Vendors.
The offering of the Shares was registered pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-280962), which was filed with the Securities and Exchange Commission (the “SEC”) on July 23, 2024, and which was declared effective by the SEC on July 31, 2024.
A copy of the legal opinion of Faegre Drinker Biddle & Reath LLP relating to the validity of the Shares is filed with this Current Report on Form 8-K as Exhibit 5.1.
| Item 9.01 | Financial Statements and Exhibits.. |
(d) Exhibits
The following exhibits are filed herewith:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 27, 2024 | CANOO INC. |
| | | |
| | By: | /s/ Kunal Bhalla |
| | Name: | Kunal Bhalla |
| | Title: | Chief Financial Officer |
