Electric Vehicle Company Canoo 421M Market Cap

24 nov. 2020

Canoo has announced a merger agreement with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company.
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies. (prnewswire.com)

The indicators are looking bullish on every timeframe, the market cap is very low and the company looks promising.

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