Canoo

Wilmington, Del. — A Delaware bankruptcy judge has cleared the path for Canoo’s CEO, Anthony Aquila, to acquire the bulk of the electric vehicle startup’s assets. The company, which has declared bankruptcy and is among a number of industry startups struggling to maintain viability, will see its remaining assets purchased for approximately $4 million in cash. Judge Brendan Shannon, after reviewing several moderate objections to the sale, stated that the sales process was just and that Aquila was the sole bidder. This transaction will allow Aquila to continue operations and serve existing clients like NASA … Read more