ET However, the SPAC announced a business combination agreement with Canoo in August 2020. Canoo expects to build 10,000 vehicles in 2022, increasing to 60,000 in 2024, and to 95,000 in 2025. Therefore, we can say that GOEV stock is worth about 58% more than today or $26.93 per share. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Type a symbol or company name. 331 votes, 418 comments. Importantly, investors should prepare for Canoo … The bottom line is what the company says: “One monthly payment, no commitment.” This could clearly transform the way people think about electric vehicles. Canoo Holdings is joining the rush of electric car stocks going public via a blank-check deal, announcing a reverse merger with Hennessey Capital ().. X. © DealFlow Financial Products, Inc. (d/b/a DealFlow Events). Monteverde Associates law firm said it is investigating Haymaker II relating to the SPAC's proposed acquisition of Arko Holdings. The deal recently announced on Aug. 18, envisions a reverse merger with Canoo. The slide presentation indicates 244.8 million shares are now outstanding (p. 52). However, the jury will be out on whether consumers will really like this or not. If shareholders approve the Canoo SPAC merger, the combined company will begin trading on the Nasdaq Exchange. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. #TradeTalks: How stocks performed under President Trump and what’s in store for earnings. © 2021, Nasdaq, Inc. All Rights Reserved. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. InvestorPlace is one of America’s largest, longest-standing independent financial research firms. Electric vehicle maker Canoo (NASDAQ:GOEV) is worth 58% more than its Jan. 11 closing price $17.05. The company also noted that it … The merger will see HCAC and Canoo Holdings Ltd. joined together with Canoo surviving the merger. Enphase Or SolarEdge: Which Solar Inverter Stock Should You Pick? 56.9k members in the SPACs community. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. With the transaction, Canoo raised $607 million in equity capital in order to make its unique EVs. Date Exercisable and Expiration Date (Month/Day/Year) 7. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i