Wed, Jan 29, 2025 12:00 – Canoo Inc. (GOEVQ: OTC Link) – Venue Change – The symbol, GOEVQ, no longer trades on Nasdaq. As of Wed, Jan 29, 2025, GOEVQ trades on OTC Link. You may find a complete list of venue changes at otcmarkets.com.
- New Trading Venue: As of January 29, 2025, Canoo Inc. (formerly trading under the symbol GOEVQ on Nasdaq) will now trade on OTC Link. This change reflects the company’s recent delisting from Nasdaq amid ongoing financial challenges.
- Background: Canoo has faced significant operational and financial difficulties, including a recent bankruptcy filing. The transition to OTC Link is part of the company’s efforts to maintain its trading status after losing over 99% of its stock value in the past year.
- Market Context: The company had previously executed a 1-for-20 reverse stock split effective December 24, 2024, aimed at complying with Nasdaq’s minimum bid price requirement. However, due to continued financial struggles, including a market capitalization of approximately $7.68 million, Canoo opted not to appeal the delisting decision.
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