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The latest announcement is out from Canoo ( (GOEV) ).
Canoo Inc. announced the resignation of board member James C. Chen, effective December 31, 2024, as he pursues other endeavors, without any disagreements with the company’s operations. Additionally, the company is reducing its workforce by furloughing more employees to conserve cash while focusing on core operations, amid the need to raise substantial capital to continue operations through 2024. These measures may have unintended consequences and could lead to insolvency if additional funds are not secured.
More about Canoo
YTD Price Performance: -97.04%
Average Trading Volume: 24,333,111
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.94M
For detailed information about GOEV stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
