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11 May
15:44

Canoo struggles to stay afloat

US EV start-up Canoo sees choppy financial waters ahead, Kallanish learns from a filing with the US Securities and Exchange Commission.  Canoo issued a “going concern” warning alongside its first-quarter earnings filing, signalling that it may not have the cash to stay afloat without additional outside funding. “Our management has performed an analysis of our ability to continue as a going concern and has identified substantial doubt about …
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