BRIEF-Canoo Inc -On Oct 31, Announced Appointment Of Kunal Bhalla As Its CFO

Reuters

2024/11/06

Nov 5 (Reuters) - Canoo Inc :

* ON OCT 31, ANNOUNCED APPOINTMENT OF KUNAL BHALLA AS ITS CHIEF FINANCIAL OFFICER

* TO TEMPORARILY REDUCE ITS WORKFORCE IN OKLAHOMA CITY BY FURLOUGHING 23% OF ITS FACTORY WORKERS

* FURLOUGHING OF SOME FACTORY WORKERS IN IN OKLAHOMA CITY FOR TWELVE WEEKS

* ENTERED REVOLVING CREDIT FACILITY AGREEMENT & RELATED SECURITY AGREEMENT WITH AFV

* UNDER AGREEMENT AFV MAY PROVIDE WORKING CAPITAL ADVANCES TO CO OF UP TO $12 MILLION FOR A PERIOD OF UP TO 12 MONTHS

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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