CEO COO COOKO is to buy almost all unpleasant resident assets from bankruptcy, according to court filedSee rankings-.
The new entity is controlled by CEO, Anthony Aquila, has been bought to buy “subsastily all” assets of $ 4 million in cash. The sale will also clean a catalo of debt that more than $ 11 million owed to the financial company that is visited by Aquila, who bread for beginners in the last month.
Proposals Sale came just six weeks after Canoo appreciates the about 7 bankruptcy in the Delawis and the business wound. Startup, which is common in the year 2020 as part of the companies with the acquisition company with a special purpose, never selling more than debt, and defensive department, before failing.
Canoo has told the court that on February 24th approximately 245 million in the asset of $ 175 million in responsibility, and around $ 125 million money and equality. Another interest party can send “higher and better offers for company assets before March 28, according to filing.
But a bankruptcy of the bankruptcy wrote the file if “the best act” will proceed for Aquila. My mentioned is a number of reasons for this, such as “lack of financial storage available” to support the factory EV.
He wrote that the Ev Startup failure (like fisker and nikola, even if they are not the name of the “things from the prices of the EV” at the price of the fire. ” They also write that the attention is that Cantoo doesn’t have money to cover “rents, security costs, and insulting necessary to maintain an asset integrity.”
As long as the new entity Aquila – called WHS Energy Solutions, Inc. And it is made in Delaware – will receive a mani equipment, will receive a mani equipment, intellectual vehicle, contract, and inventory and other inventory. The energy solution used not to take canoo taxes, and will not be responsible for the claim of people who have other government to fight for Cantoo property.
Aquila has already told you to do “the main Motival” to buy the asset is “CEO’s desire” CEO “to provide the service and support for a particular government program.”
“When the life of all government spends is not yet sure, the buyer has been referred to the agency, unless it may be lowered that the buyer may have to provide the consumer process,” The Trustee writes on the filing.
The ceot or founder attempt to buy an unknown bankrupt asset is not common, even in the world of electric vehicle. In 2023, former CEO CEO Bandrupt Ev Motors purchased Most assets And start a new company called Landx Motors. But more often not, assets are sold to another company or be made in pieces.
It is not clear what a aquila plans to do with canoo assets if successful to complete the transaction. CEO canoo does not respond to the request for a comment.
Only aquila financial companies and regarding the associated “safe”, meaning the debt is supported by the watch with canoo. Debt that owed to the other debt – including automotive suppliers (which owes are almost $ 3 million), and Yorkville Finderous advisors
