The EV SPACs are running out of juice
News from Canoo and Arrival illustrates just how far off the rails the EV-SPAC boom has gone.
News from Canoo and Arrival illustrates just how far off the rails the EV-SPAC boom has gone.
I know that regulation lags the market, but holy hell, what was all this? As Lordstown immolates, SPAC deals that didn’t go to zero feel like the exception by Alex Wilhelm originally published on TechCrunch
Electric vehicle startup Canoo has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission, according to a regulatory filing. The SEC began investigating Canoo in May 2021, just a few months after the company merged with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation covered the Hennessy’s IPO and…
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