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 30, 2021
CANOO INC.
(Exact name of registrant as specified in its charter)
| Delaware | | 001-38824 | | 82-1476189 |
(State or other jurisdiction of
incorporation or organization) | | (Commission file number) | | (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)
Not Applicable
(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 | | GOEV | | The Nasdaq Global Select Market |
| Warrants, each whole warrant exercisable for one share of Common stock at an exercise price of $11.50 per share | | GOEVW | | The Nasdaq Global Select 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.
Item 1.01 Entry into a Material Definitive Agreement.
On November 30, 2021, Canoo Inc. (the “Company”) and VDL Nedcar B.V. (“VDL Nedcar”) agreed to extend the expiration date of the binding term sheet for vehicle contract manufacturing, dated as of June 16, 2021, from November 30, 2021 to December 15, 2021. Due to developments at VDL Nedcar, the Company does not currently expect to reach a definitive framework agreement/contract manufacturing agreement with VDL Nedcar. In the event of a termination, the Company will instead seek to end the parties’ contractual relationship with receipt of a cash settlement or another mutually agreed upon arrangement.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | | Description |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| CANOO INC. |
| | | |
| Date: December 1, 2021 | By: | /s/ Hector Ruiz |
| Name: | Hector Ruiz |
| Title: | General Counsel and Corporate Secretary |
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