Governance & Derivative

Canoo Inc. (NasdaqGS: GOEV, GOEVW)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Canoo Inc. (NasdaqGS: GOEV, GOEVW) f/k/a Hennessy Capital Acquisition Corp. IV.

On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named “Canoo.” On March 29, 2021, post-market, the Company announced its 4Q2020 and full year financial results, disclosing significant changes to its business model, previously touted by the Company to investors, deemphasizing its engineering services business and no longer focusing on its subscription-based business.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether Canoo’s officers and/or directors breached their fiduciary duties to Canoo’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Canoo shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.