CANOO SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Canoo Inc. - GOEV, GOEVW

Canoo investors should visit us at https://www.claimsfiler.com/cases/view-canoo-inc-securities-litigation or call toll-free (844) 367-9658.

Metadata

Provider:

GlobeNewswire, Inc.

Retrieved on:

Saturday, April 10, 2021

Information

Tags:

Corporate finance, Canoo, Security, United States Securities Regulation, Financial economics

Geotags:

Lá, Us, CENTRAL DISTRICT, CALIFORNIA, UNITED STATES

Organisation:

SKYMEDIA, LLC

Summary

Key Points:

Canoo investors should visit us at https://www.claimsfiler.com/cases/view-canoo-inc-securities-litigation or call toll-free (844) 367-9658.
Canoo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named Canoo.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements.

NEW ORLEANS, April 09, 2021 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until June 1, 2021 to file lead plaintiff applications in a securities class action lawsuit against Canoo Inc. (NasdaqGS: GOEV, GOEVW) f/k/a Hennessy Capital Acquisition Corp. IV, if they purchased the Company’s securities between August 18, 2020 and March 29, 2021, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

Get Help

Canoo investors should visit us at https://www.claimsfiler.com/cases/view-canoo-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Canoo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named “Canoo.” On March 29, 2021, post-market, the Company disclosed significant changes to its business model, previously touted by the Company to investors, deemphasizing its engineering services business and no longer focusing on its subscription-based business.

On this news, shares of Canoo plummeted $2.50, or $21.2%, from a March 29, 2021 close of $11.80 per share to close at $9.30 per share on March 30, 2021, on heavy volume.

The case is Blake v. Canoo Inc., et al., No. 2:21-cv-02873.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.