Canoo falls after announcing reverse stock split

Canoo

06/03/2024 12:30

** Shares of EV maker Canoo  GOEV.O  fall 13.7% to 8 cents
premarket
    ** Co announces a reverse stock split of its common stock at
a ratio of 1-for-23
    ** Says the reverse stock split will be effective March 8,
2024
    ** Canoo implements reverse stock split as it looks to
regain compliance with minimum $1 bid price requirement of
Nasdaq
    ** Up to last close, GOEV stock had fallen 63% YTD

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))