Canoo Holdings Ltd. (“GOEV”) has begun trading on Nasdaq following the closure of a business combination with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC).
The business combination was approved by HCAC stockholders at a special meeting held on December 21, 2020. Canoo’s common stock and warrants is now trading on the Nasdaq Global Select Market under the ticker symbols “GOEV” and “GOEVW,” respectively.
Canoo recently unveiled its multi-purpose delivery vehicle. With a unique platform architecture, defined by a self-contained, independently drivable rolling chassis that houses all of the most critical EV components, Canoo says it will deliver the market’s first true steer-by-wire platform.
Tony Aquila, Executive Chairman of Canoo says, “This next chapter is a very important one for Canoo as we prepare to complete advanced testing of our innovative electric mobility platform and to bring our recently unveiled multi-purpose delivery vehicle to limited production in 2022, and to commercial production and rollout in 2023. On behalf of all of us at Canoo, we are committed and excited about our go-to-market opportunities and to bring both consumers and businesses the benefits of our platform. We are extremely passionate about fulfilling our mission to bring EVs to everyone.”
Daniel J. Hennessy, the Chairman & CEO of HCAC adds: “We are excited to see this merger successfully realized and congratulate Canoo on this milestone. Our commitment to sustainable technologies and infrastructure is resolute, and Canoo is a fitting long-term partner as we usher in a new era for urban mobility with innovative and affordable EVs. We look forward to collaborating with Canoo as they bring game-changing EV solutions to B2C and B2B markets and execute against their vision.”
Canoo is a Los Angeles-based company that employs over 350 employees from leading technology and automotive companies.
Talking to Auto Futures about its multi-purpose delivery vehicle, Richard Kim, Chief Designer at Canoo, says: “The vehicle is optimised for custom wrapping to suit customer’s brand, making the vehicles into billboards for businesses. Large fleet customers can customise the vehicle in any colour they want.”
To read our full interview with Richard Kim, click on the link.
Keyword: Canoo Shares Trades on Nasdaq Following Completion Of Business Combination