Canoo raises doubts about its ability to continue as a going concern (updated)

Canoo

01/04/2024 21:57

(Adds details and shares)
       April 1 (Reuters) - Canoo Inc  GOEV.O  said on Monday
there was substantial doubt about its ability to continue as a
going concern. 
    The company said its existing cash resources and additional
sources of liquidity are not sufficient to support planned
operations for next 12 months.
    The EV maker's shares were down more than 18% in extended
trade. 
        
  
        
  

 (Reporting by Granth Vanaik in Bengaluru; Editing by Alan
Barona)
 ((Granth.Vanaik@thomsonreuters.com | X : https://twitter.com/Vanaik_Granth;))