UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On November 26, 2024, Canoo Inc. (the “Company”) entered into common stock purchase agreements with certain suppliers and vendors (collectively, the “Vendors”) pursuant to which the Company issued to the Vendors an aggregate of 7,185,125 shares of the Company’s common stock, respectively (collectively, the “Shares”) at a price of $0.3992 per share, in payment for services rendered under contractual arrangements with such Vendors.
The offering of the Shares was registered pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-280962), which was filed with the Securities and Exchange Commission (the “SEC”) on July 23, 2024, and which was declared effective by the SEC on July 31, 2024.
A copy of the legal opinion of Faegre Drinker Biddle & Reath LLP relating to the validity of the Shares is filed with this Current Report on Form 8-K as Exhibit 5.1.
| Item 9.01 | Financial Statements and Exhibits.. |
(d) Exhibits
The following exhibits are filed herewith:
|
Exhibit No. |
Description | |
| 5.1 | Opinion of Faegre Drinker Biddle & Reath LLP. | |
| 10.1 | Form of Common Stock Purchase Agreement. | |
| 23.1 | Consent of Faegre Drinker Biddle & Reath LLP (included in Exhibit 5.1). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 27, 2024 | CANOO INC. | |
| By: | /s/ Kunal Bhalla | |
| Name: | Kunal Bhalla | |
| Title: | Chief Financial Officer | |