The California Office of Berman Tabacco Investigates Securities Claims Against Canoo Inc. (GOEV)

San Francisco, California--(Newsfile Corp. - March 30, 2021) - Berman Tabacco, a national law firm representing investors, is investigating potential violations of the federal securities laws by Canoo Inc. ("Canoo" or the "Company") (NASDAQ: GOEV) (NASDAQ: GOEVW). Canoo develops electric vehicles and is based in Torrance, California.

On March 29, 2021, after the market close, Canoo issued a press release announcing its fourth quarter financial results and held a conference call with analysts and investors. During the conference call the Company revealed that it planned to "de-emphasize" its contract engineering services business and its subscription-based business for consumer vehicles. The Company also announced that its Chief Financial Officer would be leaving the Company.

According to an article by The Verge published shortly thereafter, a previously-announced deal "between Canoo and Hyundai to build electric vehicles appears to be dead, as the California EV startup is moving away from trying to sell its electric vehicle technology to other automakers."

If you purchased Canoo common stock or warrants and would like more information regarding this investigation, or if you wish simply to share information about the investigation, please visit: http://www.bermantabacco.com/case/canoo-inc/.

Berman Tabacco is a national law firm representing institutions and individuals in lawsuits, seeking to recoup losses caused by corporate and board misconduct and violations of the securities and antitrust laws. The firm has offices in Boston, Massachusetts and San Francisco, California.

This notice may constitute attorney advertising.

Contact:

Jeffrey Rocha, Esq.

(800) 516-9926

Email: law@bermantabacco.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78977