Brief: Canoo Inc -On Oct 31, Announced Appointment Of Kunal Bhalla As Its CFO

Canoo

05/11/2024 22:58

Nov 5 (Reuters) - Canoo Inc  GOEV.O :
    * ON OCT 31, ANNOUNCED APPOINTMENT OF KUNAL BHALLA AS ITS
CHIEF
FINANCIAL OFFICER
    * TO TEMPORARILY REDUCE ITS WORKFORCE IN OKLAHOMA CITY BY
FURLOUGHING 23% OF ITS FACTORY WORKERS
    * FURLOUGHING OF SOME FACTORY WORKERS IN  IN OKLAHOMA CITY
FOR
TWELVE WEEKS
    * ENTERED REVOLVING CREDIT FACILITY AGREEMENT  & RELATED
SECURITY
AGREEMENT WITH AFV
    * UNDER AGREEMENT AFV MAY PROVIDE WORKING CAPITAL ADVANCES
TO CO
OF UP TO $12 MILLION FOR A PERIOD OF UP TO 12 MONTHS

Source text:  ID:n0001104659-24-114394 
Further company coverage:  GOEV.O 

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