---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-045981"
form_type: "8-K"
ticker: null
cik: "0001750153"
company_name: "Canoo Inc."
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-04T00:07:23.193761+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Canoo raises $10M from CEO affiliates via Series C Preferred and warrants

## Summary
- Issued 10,000 shares of Series C Preferred Stock and warrants for ~4.47M common shares to affiliates of CEO Tony Aquila for $10M total.
- Preferred Stock carries 7.5% annual dividend, convertible at floor price of $2.00 per share; warrants exercisable at $2.2355.
- Purchasers have right to purchase additional $15M of Preferred Stock and warrants on same terms within 20 business days.
- Funds intended for general corporate purposes; transaction expected to close within 20 business days subject to conditions.

## SEC filing metadata
- accession: 0001104659-24-045981
- form_type: 8-K
- cik: 0001750153
- company_name: Canoo Inc.
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750153/000110465924045981/0001104659-24-045981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750153/000110465924045981/tm2411510d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-045981
- JSON: https://secwatch.observer/filing/0001104659-24-045981.json
- Plain text: https://secwatch.observer/filing/0001104659-24-045981.txt

## Key facts
- Material Agreements
  Canoo Inc. entered into Purchase Agreement with certain special purpose vehicles managed by entities affiliated with Mr. Tony Aquila valued at $10,000,000 (effective 2024-04-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain special purpose vehicles managed by entities affiliated with Mr. Tony Aquila
  - Value: $10,000,000
  - Effective: 2024-04-09
  source text: On April 9, 2024 (the “Agreement Date”), Canoo Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain special purpose vehicles managed by entities affiliated with Mr. Tony Aquila, the Company’s Chief Executive Officer and Executive Chair (collectively, the “Purchasers”), in connection with the issuance, sale and delivery by the Company of an aggregate of 10,000 of shares (the “Preferred Shares”) of the Company’s Series C Cumulative Perpetual Redeemable Preferred Stock, par value $0.0001 per share (the “Preferred Stock”), which is convertible into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and pursuant to which the Company issued warrants (the “Warrants”) to purchase in the aggregate 4,473,272 shares of Common Stock, for a total aggregate purchase price of $10,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750153/000110465924045981/0001104659-24-045981-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.