Summary by Moomoo AI
Canoo Inc., a Delaware corporation, has announced a Special Meeting of Stockholders to be held virtually on February 29, 2024. The meeting will address several key proposals, including a reverse stock split, the issuance of equity awards to CEO Tony Aquila, and the potential adjournment of the meeting if necessary. The reverse stock split proposal aims to reduce the number of outstanding shares by a ratio ranging from 1:2 to 1:30, with the exact ratio and timing to be determined by the board within one year of stockholder approval. The CEO equity awards proposal involves granting Tony Aquila performance-vesting restricted stock units (PSUs) and restricted stock units (RSUs) that could total over 118 million shares if performance and service conditions are met. The adjournment...Show More