Summary by Moomoo AI
On February 29, 2024, Canoo Inc. conducted a special meeting of stockholders to vote on several key proposals. The meeting achieved a quorum with 497,267,983 shares represented. The stockholders approved a reverse stock split at a ratio between 1:2 and 1:30, with the exact ratio and timing to be determined by the board within a year from the meeting date. Additionally, stockholders approved CEO Tony Aquila's equity awards, consisting of a performance-vesting restricted stock unit award and a restricted stock unit award, totaling 118,148,297 potential shares. The awards are not part of the Canoo Inc. 2020 Equity Incentive Plan. A proposal to adjourn the meeting to a later date, if necessary, was also approved. The voting results were detailed in the definitive proxy statement filed with the SEC on January 18, 2024.