EV startup Canoo sues major investor over sketchy share sales

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” When the startup merged with a SPAC in 2020, Li owned more than 26% of Canoo’s shares through DD and other affiliates. This significant ownership stake called in the … EV startup Canoo sues major investor over sketchy share sales Read More » The post EV startup Canoo sues major investor over sketchy share sales first appeared on PRP Breaking News and Top Stories.
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