Canoo Announces Adjournment of Annual Meeting

Rhea-AI Summary

Canoo (Nasdaq: GOEV) announced the adjournment of its Annual Meeting of Stockholders due to insufficient quorum. The meeting has been rescheduled for December 6, 2024, at 8:30 a.m. Central Time and will be held virtually. The adjournment aims to provide stockholders additional time to vote on all proposals, which the Board considers advisable and in stockholders' best interests. Previously submitted proxies remain valid unless revoked, and voting polls will stay open until December 5, 2024, at 11:59 p.m. Eastern Time.

Positive

• None.

Negative

• Failure to achieve quorum for Annual Meeting indicates potential lack of shareholder engagement
• Meeting delay could impact important corporate decisions and governance matters

JUSTIN, Texas, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq:GOEV) (the “Company”), a high-tech advanced mobility company , today announced that it has adjourned its Annual Meeting of Stockholders (the “Annual Meeting”) in order to provide stockholders additional time within which to vote on all proposals.

At this time, there are not present, by remote communication or by proxy, a sufficient number of shares of the Company’s common stock to constitute a quorum. The Company’s Board of Directors continues to believe that all of the proposals contained in the proxy statement are advisable and in the best interests of the Company’s stockholders to consider and act upon. Therefore, the Company adjourned the Annual Meeting.

The adjourned meeting will be held at 8:30 a.m. Central Time on December 6, 2024 at the following url: www.virtualshareholdermeeting.com/GOEV2024. Voting polls will remain open until 11:59 p.m. Eastern Time on December 5, 2024. Proxies previously submitted in respect of the Annual Meeting will be voted at the reconvened Annual Meeting unless properly revoked, and stockholders who have previously submitted a proxy or otherwise voted need not take any action.

About Canoo

Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo’s platform is purpose-built to maximize the vehicle interior space and is customizable to support a wide range of business and government applications. Headquartered in Justin, Texas, Canoo has teams located in California, Michigan and Oklahoma with world-class vehicle and battery facilities in Oklahoma City. For more information please visit www.canoo.com and investors.canoo.com.

Contacts:

Media Relations
Press@canoo.com

Investor Relations
IR@canoo.com

FAQ

When is Canoo's (GOEV) rescheduled Annual Meeting of Stockholders?

Canoo's rescheduled Annual Meeting will be held on December 6, 2024, at 8:30 a.m. Central Time.

Why did Canoo (GOEV) adjourn its Annual Meeting?

Canoo adjourned its Annual Meeting due to insufficient quorum, meaning not enough shares were represented by proxy or remote communication to conduct the meeting.

How long can shareholders vote for Canoo's (GOEV) Annual Meeting proposals?

Shareholders can vote until 11:59 p.m. Eastern Time on December 5, 2024.

Do Canoo (GOEV) shareholders need to resubmit their votes if they already voted?

No, previously submitted proxies will remain valid for the reconvened meeting unless properly revoked. Shareholders who already voted do not need to take any action.