Canoo filed for Chapter 7 bankruptcy after burning through cash and failing to secure funding. Despite high-profile backing, it failed to secure financial support from U.S. or foreign investors ...
OKLAHOMA CITY (KFOR) — Canoo announced on Friday the company has filed for Chapter 7 bankruptcy and will immediately cease operations. The company’s filing for bankruptcy comes weeks after ...
Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately. The EV startup has been dealing with rapid cash burn and has struggled to raise additional ...