Canoo raises doubt about ‘ability to continue as a going concern'
Canoo (GOEV) Invezz·2024-04-02 05:32
Canoo Inc (NASDAQ: GOEV) says its management has identified “substantial doubt about our ability to continue as a going concern”. Shares of the EV firm are down 20% in extended hours. Canoo lacks funds to support operations Copy link to section The California-based company does not have sufficient funds to support operations for another twelve months, as per its press release on Monday. Canoo also confirmed that its executives are looking for ways to raise additional capital but said it wasn’t sure if such ...