Electric vehicle startup Canoo to go public via SPAC

Canoo, the Los Angeles-based electric vehicle startup, has struck a deal to merge with special purpose acquisition company Hennessy Capital Acquisition Corp., with a market valuation of $2.4 billion. The announcement Tuesday marks the fourth time this summer that an electric vehicle company has skipped the traditional IPO path and instead taken the company public … Continue reading Electric vehicle startup Canoo to go public via SPAC