OKLAHOMA CITY (KOKH) — Canoo Inc. has filed for Chapter 7 bankruptcy, marking the end of its operations.
The filing was made with the U.S. Bankruptcy Court for Delaware, leading to the appointment of a Bankruptcy Trustee to oversee the liquidation of the company’s assets and distribution of proceeds to creditors.
Despite being American-made, successfully delivering to such esteemed organizations as NASA, the Department of Defense (“DOD”), The United States Postal Service (“USPS”), the State of Oklahoma and having agreements with Walmart and others, Canoo has unfortunately been unable to secure financial support from the U.S. Department of Energy’s (“DOE”) Loan Program Office. Recently, the company’s executives were in…
