Canoo (GOEV) Registration Filing summary

Company overview and business model

• Operates as an advanced mobility technology company focused on modular electric vehicle platforms and connected services for commercial, government, and military customers.

• Manufactures fully electric vehicles in Oklahoma, emphasizing sustainability and workforce diversity.

• Commercialized first production vehicles and is delivering to customers.

Financial performance and metrics

• Financial statements for 2023 and 2022, and for the two years ended December 31, 2023, audited by Deloitte & Touche LLP, are incorporated by reference.

• Reports a history of losses, significant expenses, and negative operating cash flow; substantial doubt exists about ability to continue as a going concern.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital expenditures, operating expenses, and selective business development opportunities such as acquisitions or investments.