Brief: Canoo Identified Substantial Doubt About Ability To Continue As A Going Concern

Canoo

01/04/2024 21:50

April 1 (Reuters) - Canoo Inc  GOEV.O :
    * CANOO INC - IDENTIFIED SUBSTANTIAL DOUBT ABOUT ABILITY TO
CONTINUE AS A GOING CONCERN
    * CANOO: EXISTING CASH RESOURCES AND ADDITIONAL SOURCES OF
LIQUIDITY ARE NOT SUFFICIENT TO SUPPORT PLANNED OPERATIONS FOR
NEXT 12 MONTHS
    * CANOO - IF UNABLE TO OBTAIN SUFFICIENT ADDITIONAL FUNDING
OR DO
NOT HAVE ACCESS TO CAPITAL, MAY REQUIRE TO
TERMINATE/SIGNIFICANTLY CURTAIL OPERATIONS
    * CANOO INC - EXPECT TO CONTINUE TO HAVE NEGATIVE CASH FLOW
FROM
OPERATING AND INVESTING ACTIVITIES FOR 2024

Source text for Eikon:  ID:n0001628280-24-014075 
Further company coverage:  GOEV.O 

 ((Reuters.Briefs@thomsonreuters.com;))