EV SPAC Canoo agrees to sell $52M in stock to stay alive

Canoo has agreed to sell 50 million shares at a steeply discounted price as the cash-strapped EV company seeks the money it needs to keep its operations running. Canoo said Monday it would sell 50 million new shares to unnamed investors for $1.05 per share, a 16% discount from its closing price Friday. The shares […] EV SPAC Canoo agrees to sell $52M in stock to stay alive by Kirsten Korosec originally published on TechCrunch...