Canoo Holdings Ltd, a US-based electric vehicle startup, is set to go public later this year at a value of 2.4 billion. The company, which has already partnered with South Korea’s Hyundai Motor, plans to start delivering vehicles by the second quarter of 2022. Canoo’s stock performance has been mixed since its public debut in December 2020. The initial surge in stock price was driven by news of the company’s GOEV project.
Canoo is the latest US electric vehicle startup to go public, with shares starting to trade on the Nasdaq under the ticker symbol GOEV. Shares can be purchased through any registered broker. Canoo’s short history includes a merger with a special purpose acquisition company (SPAC) in late 2020, which may have contributed to its mixed stock performance.
The stock price of Canoo is currently 2.06 USD. The company went public through a reverse merger with a special purpose acquisition company in late 2020. Canoo is a supplier of electric delivery vehicles and has about 3 billion pre-ordered vehicles.
A reverse stock split will take effect on March 8, 2024, before the market opens. Canoo’s stock will continue trading under the ticker GOEV. The Globe and Mail provides detailed price information for Canoo Inc (GOEV-Q), including charting and trades.
In summary, Canoo Holdings Ltd. is a high-tech electric vehicle startup that is set to go public later this year. The company’s stock performance has been mixed, with mixed results since its public debut in December 2020.
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