Canoo’s CEO, according to the court, Defunct is bankrupt all of the home start assets quoted.
Anthony Aquila, a new body-controlled by CEO, offered to buy « significantly » for the assets for $ 4 million. Sales will owe a financial firm that led to more than 11 million debt cano, a financial company managed by Aquila, who lends money for the beginning in the beginning.
Sales offer, 7 chapters in Delaware 7 chapter 7 in a chapter and lowered their work to Canoo to cancel the bankruptcy. In 2020, as part of a special setting company, the beginning of the public, the United States, USA, the United States Postal Service and Defense Department, a handful of electric minibus and defense department, previously sold to several electric minibuses and defense departments.
The Canoo said the court was about $ 145 million and $ 175 million as of February 24 and $ 12 million and around the equivalent. Other stakeholders can submit a « higher and better offers » for the company’s assets before March 28, according to a document.
But the bankruptcy guardian wrote to the « best course of action » to continue for sale in Aquilaya. Reliable, asked for a number of reasons such as « currently available financing » to support home production.
Other home beginners (such as failure), especially if it does not call), « Fire prices » wrote that the existing assets are produced. He also wrote that the Canoo’s property was not money for insurance to protect the property of rent, security costs and assets.
As long as Aquila’s new existence is called WHS Energy Solutions, Inc. and created in Delaware – Canoo will receive production equipment, filled vehicles, intellectual property, contracts and other inventories and assets. WHS Energy solutions are not leased by any Canoo and other lenders are not responsible for any of the allegations against Cano’s property.
Aquila said that the main motivation of the main motivation « The main motivation » « CEOO » « (Canoo » CEO « and a desire to support certain state programs for the purchase of assets. »
« If the recipient will continue to provide the buyer’s debtor and support, the programs will be delayed and other contractors will have to start search process, and other contractors must start the search process.
In the world of electric vehicles, founders or founders trying to get the assets of bankrupt beginners. In 2023, EvpUpt was purchased by the former General Director of the Home Startup Lordstown Engines Most of their assets and started a new company called Landx Motors. However, more often, assets are sold to other companies or are auqualical in pieces.
If successful in completing the operation, Aquila is not known what it is planned to do with Canoo assets. Cano CEO did not respond to a request for comment.
Only Aquila’s financial company and related institutions organized the « secured » allegations, ie the bodies were supported by the collateral with Cano. Automotive supplier Magna (worth about $ 3 million) and financial advisors are debts with Yorkville (millions of stocks sold and $ 7 million)
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