Published on: 2025-05-06 10:53:59
The sale of bankrupt EV startup Canoo’s assets to its CEO has been okayed by the judge overseeing the case. After evaluating a number of limited objections to the sale, Judge Brendan Shannon said in a hearing Wednesday he believes the process was fair, and that no one else but Canoo CEO Anthony Aquila made a bid. Shannon’s decision, once formalized, paves the way for Aquila to buy most of the assets of the EV startup for around $4 million in cash. Aquila plans to offer services to customers suc
Keywords: aquila assets canoo harbinger sale
Find related items on AmazonPublished on: 2025-05-22 22:58:52
Electric trucking company Harbinger has filed an objection to the sale of Canoo’s assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger’s objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses Canoo of listing assets that Harbinger believes the startup did not actually own (though it did not specify which ones). Harbing
Keywords: aquila assets canoo case harbinger
Find related items on AmazonPublished on: 2025-07-13 06:00:41
Harbinger provided transportation from LAX to its HQ in Garden Grove, California, so Ars could drive its prototype truck. Ars does not accept paid editorial content. GARDEN GROVE, Calif.—There's no shortage of companies looking to reinvent the delivery experience using everything from sidewalk drones to electric vans. Some are succeeding, but many more have failed by trying to radically rethink the simple, age-old task of getting stuff from one place to another. Harbinger likewise wants to sha
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