Canoo to Go Public After Shareholders Approve Merger

Francesca Billington

Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.

Canoo to Go Public After Shareholders Approve Merger

Los Angeles electric vehicle company Canoo Holdings Ltd. will go public on Tuesday after shareholders approved a deal with Hennessy Capital Acquisition.

Under its agreement with the special purpose acquisition company, the EV startup, with $2.4 billion valuation, will begin trading on the Nasdaq Global Select Market under the ticker symbols "GOEV," Canoo said in a statement.


Shares of the Hennessy were trading up more than 1% Monday after hours, ahead of Canoo's market debut.

"Our commitment to sustainable technologies and infrastructure is resolute, and Canoo is a fitting long-term partner as we usher in a new era for urban mobility with innovative and affordable EVs," said CEO of the SPAC, Daniel J. Hennessy, in a statement announcing the vote on Monday.

Canoo hasn't yet rolled out its commercial vehicle to wait-listed customers, but last week it became a new player in the commercial delivery market by unveiling a delivery van slated to reach the market in 2023.

The company was founded in 2017 by two former BMW executives who closed a deal with Hyundai Motor Group earlier this year to build its futuristic modular minivan that consumers can rent through a subscription service.

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This Startup Wants to Make Testing for ADHD and Dyslexia as Common as Going to an Optician

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

This Startup Wants to Make Testing for ADHD and Dyslexia as Common as Going to an Optician
Courtesy of Polygon

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Rolo’s experiences informed his founding of Polygon, a Santa Monica-based diagnostics startup that emerged from stealth on Friday with $4.2 million in funding, and the goal of better diagnosing dyslexia, ADHD and other learning-related disabilities. The funding includes a $3.6 million seed round led by Spark Capital, as well as $600,000 in pre-seed funding led by Pear VC.

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Ian Siegel, ZipRecruiter
Image courtesy of ZipRecruiter

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Samson Amore

Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Samson is also a proud member of the Transgender Journalists Association. Send tips or pitches to samsonamore@dot.la and find him on Twitter at @Samsonamore. Pronouns: he/him

Riot Games Doubles Down on Mobile With ‘Aim Lab’ Investment
Image from Aim Lab

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