Canoo announces 1-for-23 reverse stock split effective March 8, 2024

Canoo Inc.

Effective 8:00 AM ET March 8, every 23 shares of common stock combine into 1 share; trading under symbol GOEV continues.
Pre-split shares outstanding: 1,309,580,844 as of March 7, 2024.
Warrants (GOEVW) adjusted: every 23 warrants exercisable for 1 share at $264.50 per share.
Stockholders receive cash for fractional shares; no action needed for street-name holders.
Exercise prices of outstanding options and equity awards adjusted proportionately.

item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Canoo Inc.: Amended certificate of incorporation to effect a 1-for-23 reverse stock split (effective 2024-03-08).

Change: charter amendment
Effective: 2024-03-08

Exact text from the filing

On March 7, 2024, Canoo Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Second Amended and Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect a 1-for-23 reverse stock split

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Source: SEC EDGAR

accession 0001104659-24-032035

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