secwatch.observer — SEC 8-K summary
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Issuer:     Canoo Inc. (—)
CIK:        0001750153
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0001104659-24-045981
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1750153/000110465924045981/0001104659-24-045981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1750153/000110465924045981/tm2411510d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-045981

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer