Mystery investor’s attempt to stop Canoo asset sale shot down by judge

The judge in Canoo’s bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup’s assets. In a hearing Tuesday, Judge Brendan Linehan Shannon ruled the financier, a UK-based man named Charles Garson, lacked standing to request the sale to Canoo’s own CEO be vacated. While Garson had told the court he was willing to pay as much as $20 million for Canoo’s assets, he missed the deadline to formally submit that bid. Garson also never made it clear where he was sourcing that money from, causing the bankruptcy trustee in the case to raise concerns the bid could get blocked by the Committee on Foreign Investment in the United States. The last remaining challenge to the asset sale comes from Harbinger Motors, a commercial electric trucking startup created by a handful of former Canoo employees. Harbinger objected to the sale before it was finalized in April. The judge denied Harbinger’s objection, but the company has since appealed that decision. ... Read full article.