Canoo Inc.: going-concern / distress — Canoo files Chapter 7 bankruptcy liquidation; board and management authority terminated

Canoo Inc.

Filed for Chapter 7 liquidation in Delaware Bankruptcy Court on January 17, 2025.
A Chapter 7 trustee will take control of assets; board and executive officer authority eliminated.
Certain subsidiaries including Canoo Technologies, EV US Holdco, and Canoo Manufacturing also filed.
Company assets will be liquidated and claims paid in accordance with the Bankruptcy Code.
This effectively removes the Board of Directors and executive officers from management of the company.

item 1.03 item 5.02

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Canoo Inc. entered chapter 7 in United States Bankruptcy Court for the District of Delaware (petition 2025-01-17).

Proceeding: chapter 7
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2025-01-17

Exact text from the filing

On January 17, 2025, Canoo, Inc. (the “Company”) and certain of its subsidiaries, including Canoo Technologies Inc., EV US Holdco Inc., EV Global Holdco LLC, Canoo Sales, LLC and Canoo Manufacturing, LLC (collectively, the “Filing Subsidiaries” and, together with the Company, the “Debtors”), filed for liquidation under Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), located in Wilmington, Delaware.

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Source: SEC EDGAR

accession 0001628280-25-001918

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