Canoo Files For Mixed Shelf Offering; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Canoo Inc. has filed for a mixed shelf offering, according to an SEC filing. The size of the offering has not been disclosed.

July 23, 2024 | 8:21 pm
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Canoo Inc. has filed for a mixed shelf offering, which allows the company to issue various types of securities over time. The size of the offering has not been disclosed, which introduces uncertainty regarding the potential dilution of existing shares.
A mixed shelf offering allows Canoo to issue different types of securities, which could include common stock, preferred stock, debt securities, etc. The lack of disclosure on the size of the offering introduces uncertainty, which is generally viewed negatively by investors due to potential dilution of existing shares.
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