STOCK TITAN

Canoo Announces Adjournment of Annual Meeting

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Canoo (Nasdaq: GOEV) announced the adjournment of its Annual Meeting of Stockholders due to insufficient quorum. The meeting has been rescheduled for December 6, 2024, at 8:30 a.m. Central Time and will be held virtually. The adjournment aims to provide stockholders additional time to vote on all proposals, which the Board considers advisable and in stockholders' best interests. Previously submitted proxies remain valid unless revoked, and voting polls will stay open until December 5, 2024, at 11:59 p.m. Eastern Time.

Canoo (Nasdaq: GOEV) ha annunciato il rinvio della sua Assemblea Annuale degli Azionisti a causa di un quorum insufficiente. La riunione è stata riprogrammata per il 6 dicembre 2024, alle 8:30 ora centrale, e si terrà virtualmente. Il rinvio ha lo scopo di fornire agli azionisti ulteriore tempo per votare su tutte le proposte, che il Consiglio considera consigliabili e nel migliore interesse degli azionisti. I mandati già presentati rimangono validi a meno che non vengano revocati, e i seggi resteranno aperti fino al 5 dicembre 2024, alle 23:59 ora orientale.

Canoo (Nasdaq: GOEV) anunció la suspensión de su Reunión Anual de Accionistas debido a un quórum insuficiente. La reunión ha sido reprogramada para el 6 de diciembre de 2024, a las 8:30 a.m. hora central, y se llevará a cabo de manera virtual. La suspensión tiene como objetivo proporcionar a los accionistas tiempo adicional para votar sobre todas las propuestas, que la Junta considera aconsejables y en el mejor interés de los accionistas. Los poderes ya presentados permanecen válidos a menos que sean revocados, y las urnas permanecerán abiertas hasta el 5 de diciembre de 2024, a las 11:59 p.m. hora del este.

Canoo (Nasdaq: GOEV)는 불충분한 쿼럼으로 인해 주주 연례 회의의 연기를 발표했습니다. 회의는 2024년 12월 6일 오전 8시 30분(중부 표준시)으로 재조정되었으며, 가상으로 열릴 예정입니다. 연기의 목적은 주주들에게 모든 제안에 대해 투표할 추가 시간을 제공하기 위함이며, 이 제안은 이사회가 권장하며 주주들에게 최선의 이익이라고 여기는 것입니다. 이전에 제출된 위임장은 철회되지 않는 한 유효하며, 투표소는 2024년 12월 5일 오후 11시 59분(동부 표준시)까지 열려 있습니다.

Canoo (Nasdaq: GOEV) a annoncé le report de sa Réunion Annuelle des Actionnaires en raison d'un quorum insuffisant. La réunion a été reprogrammée pour le 6 décembre 2024 à 8h30, heure centrale, et se tiendra virtuellement. Le report vise à donner aux actionnaires un temps supplémentaire pour voter sur toutes les propositions que le Conseil juge souhaitables et dans le meilleur intérêt des actionnaires. Les procurations déjà soumises restent valides, sauf révocation, et les bureaux de vote resteront ouverts jusqu'au 5 décembre 2024 à 23h59, heure de l'Est.

Canoo (Nasdaq: GOEV) hat die Verschiebung seiner Hauptversammlung der Aktionäre aufgrund unzureichender Beschlussfähigkeit bekannt gegeben. Die Versammlung wurde auf den 6. Dezember 2024, um 8:30 Uhr zentrale Zeit, neu angesetzt und wird virtuell abgehalten. Die Verschiebung soll den Aktionären zusätzliche Zeit geben, um über alle Vorschläge abzustimmen, die der Vorstand als ratsam und im besten Interesse der Aktionäre erachtet. Bereits eingereichte Vollmachten bleiben gültig, sofern sie nicht widerrufen werden, und die Abstimmungsmöglichkeiten bleiben bis zum 5. Dezember 2024, 23:59 Uhr Eastern Time geöffnet.

Positive
  • None.
Negative
  • Failure to achieve quorum for Annual Meeting indicates potential lack of shareholder engagement
  • Meeting delay could impact important corporate decisions and governance matters

Insights

The adjournment of Canoo's Annual Meeting due to insufficient quorum is concerning, particularly for a company of this size. This suggests potential shareholder disengagement or communication issues. The lack of quorum means critical corporate governance matters and proposals remain unaddressed, which could delay important company decisions.

The extended voting period until December 5th indicates the company is actively working to secure the necessary shareholder participation. However, for a micro-cap company with a market cap of just $43.9M, such governance challenges could signal deeper institutional problems and warrant careful monitoring of shareholder sentiment.

JUSTIN, Texas, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq:GOEV) (the “Company”), a high-tech advanced mobility company , today announced that it has adjourned its Annual Meeting of Stockholders (the “Annual Meeting”) in order to provide stockholders additional time within which to vote on all proposals.

At this time, there are not present, by remote communication or by proxy, a sufficient number of shares of the Company’s common stock to constitute a quorum. The Company’s Board of Directors continues to believe that all of the proposals contained in the proxy statement are advisable and in the best interests of the Company’s stockholders to consider and act upon. Therefore, the Company adjourned the Annual Meeting.

The adjourned meeting will be held at 8:30 a.m. Central Time on December 6, 2024 at the following url: www.virtualshareholdermeeting.com/GOEV2024. Voting polls will remain open until 11:59 p.m. Eastern Time on December 5, 2024. Proxies previously submitted in respect of the Annual Meeting will be voted at the reconvened Annual Meeting unless properly revoked, and stockholders who have previously submitted a proxy or otherwise voted need not take any action.

About Canoo

Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo’s platform is purpose-built to maximize the vehicle interior space and is customizable to support a wide range of business and government applications. Headquartered in Justin, Texas, Canoo has teams located in California, Michigan and Oklahoma with world-class vehicle and battery facilities in Oklahoma City. For more information please visit www.canoo.com and investors.canoo.com.

Contacts:

Media Relations
Press@canoo.com

Investor Relations
IR@canoo.com


FAQ

When is Canoo's (GOEV) rescheduled Annual Meeting of Stockholders?

Canoo's rescheduled Annual Meeting will be held on December 6, 2024, at 8:30 a.m. Central Time.

Why did Canoo (GOEV) adjourn its Annual Meeting?

Canoo adjourned its Annual Meeting due to insufficient quorum, meaning not enough shares were represented by proxy or remote communication to conduct the meeting.

How long can shareholders vote for Canoo's (GOEV) Annual Meeting proposals?

Shareholders can vote until 11:59 p.m. Eastern Time on December 5, 2024.

Do Canoo (GOEV) shareholders need to resubmit their votes if they already voted?

No, previously submitted proxies will remain valid for the reconvened meeting unless properly revoked. Shareholders who already voted do not need to take any action.

Canoo Inc.

NASDAQ:GOEV

GOEV Rankings

GOEV Latest News

GOEV Stock Data

8.59M
92.91M
3.73%
19.74%
9.83%
Auto Manufacturers
Motor Vehicle Parts & Accessories
Link
United States of America
TORRANCE