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Canoo’s independent director, James C. Chen, resigned earlier this week, with his resignation set to take effect by the end of the month, the company disclosed in a new SEC filing on Friday. The company also warned that, if it doesn’t secure funding over the next days, it won’t be able to continue its operations throughout the end of the month.
“On December 9, 2024, James C. Chen advised Canoo Inc. (the “Company”) that he would be resigning from the Company’s board of directors (the “Board”), effective December 31, 2024, or such earlier date as the Company elects a replacement director,” Canoo said in the filing.
NOTICE is hereby given pursuant to Section 204(1)(a)(i) of the BVI Business Companies Act, 2004 (as amended) that the Company is in voluntary liquidation. The voluntary liquidation commenced on 29 October, 2024. The Liquidator is Mark DuBois of ABM Corporate Services, Ltd, ABM Chambers, P.O. Box 2283, Road Town, Tortola, VG1110, British Virgin Islands.
“The individuals who paid Mr Scholz for his tips, to attend seminars or access private online forums, as well as those individuals who purchased shares based on his recommendations or statements of opinion, did not have the benefit of these protections.”
The award-winning International Boatbuilding Training College (IBTC) has been based on the edge of The Broads since 1975.
Ideally situated on Sea Lake Road, Oulton Broad in Lowestoft, IBTC has ensured that traditional boatbuilding skills have been preserved for almost 50 years.
But it has been announced the college is to close on Friday, December 20 with the company being placed into liquidation.
It will mean 11 staff will be made redundant and its assets will be sold off in the new year.
Back in 2021, Rob Harbord with handmade oars that were demonstrated at the International Boatbuilding Training College open weekend. Image: Mick Howes (Image: Mick Howes)
Set against the backdrop of the area’s rich maritime…
While I believe helping my generation (which is growing up in a time when avocadoes are $3.50 and house prices are astronomical) is ethically justified, I think older generations often underestimate the other, more compelling point in this argument: fair or not, it’s in everyone’s interests that young people thrive.
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Past performance is not a guarantee of future results. Investing involves risk,…
(Bloomberg) — European Union bonds could pose a threat to Dutch bonds if they are reclassified as sovereign securities by index providers, said the head of the nation’s treasury agency.
The government would prefer it if EU bonds continue to be treated as supranational debt, Saskia van Dun, head of the Dutch State Treasury Agency, said in an interview with Bloomberg, thereby avoiding any competition with bonds sold by member states.
The EU has been advocating for its bonds to be treated as government debt so that it can access a wider pool of investors. Officials have said that would help lower borrowing costs, which remain higher than the Netherlands’ despite having the same credit rating.
