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Canoo stock price sits at a record low as the company faces an uncertain future ahead. It was trading at $1.60 on Wednesday, a few points above its all-time low. It has crashed by over 99% from its ...

Canoo has pushed through a 1-for-23 reverse stock split to remain in compliance with NASDAQ's minimum listing requirements. The EV upstart is operating on shoestring liquidity with heavy cash burn and ...

Canoo's poor balance sheet, heavy losses, and unsustainable cash burn have materially clouded its future outlook. The company is heavily dependent on dilution to plug a liquidity gap that remains wide ...