Canoo Intends To File Petition In Chancery Court Under Section 205 Of Dgcl To Seek Validation Of Share Authorization Proposal
Canoo Inc GOEV:
CANOO-INTENDS TO FILE PETITION IN CHANCERY COURT UNDER SECTION 205 OF DGCL TO SEEK VALIDATION OF SHARE AUTHORIZATION PROPOSAL,SHARES ISSUED THEREUNDER
CANOO-IF NOT SUCCESSFUL IN SECTION 205 PROCEEDING,UNCERTAINTY WITH CAPITALIZATION RESULTING FROM COURT RULING CAN HAVE MATERIAL ADVERSE IMPACT ON CO