Canoo Equity Faces Delisting as Liquidation Proceeds

Canoo Registered (A) US13803R1023

The equity of electric vehicle startup Canoo Inc. is approaching a definitive conclusion. The company, once viewed as a promising contender in the EV space, has entered Chapter 7 bankruptcy proceedings, triggering its removal from the Nasdaq exchange. Trading now occurs in the penny stock realm, with the share price having eroded nearly all its value.

Canoo's path to dissolution was cemented by a complete operational failure. On December 9, 2025, it was revealed that both NASA and the United States Postal Service (USPS) had terminated their use of Canoo vehicles. The loss of these high-profile customer contracts eliminated the firm's last remaining operational foundation.

This collapse followed a series of desperate, unsuccessful survival attempts by management in the preceding months. To comply with Nasdaq's minimum price requirement, the company executed a 1-for-20 reverse stock split on December 24, 2024. Furthermore, mandatory employee furloughs were announced and a manufacturing facility was idled in December 2024.

Nasdaq Delisting and Financial Details

Canoo Inc. voluntarily filed for Chapter 7 liquidation with the US Bankruptcy Court in Delaware on January 17, 2025. This action initiates the winding down and dissolution of the corporate entity. As a direct consequence, trading of Canoo shares on the Nasdaq was suspended effective January 29, 2025. The company stated it will not appeal the delisting decision.

• Chapter 7 Filing Date: January 17, 2025.
• Nasdaq Delisting & Trading Halt: January 29, 2025.
• Current OTC Quotation (Ticker: GOEVQ): $0.01 (as of December 11, 2025).

The financial data from January 2025 underscores the severity of the situation, showing a market capitalization of approximately $7.68 million and a negative free-cash-flow yield of -28.65%.

Shareholder Outlook and Analyst Relevance

For equity holders, the prospect now rests on potential recoveries through the court-supervised liquidation process, the outcome of which remains highly uncertain. Previous analyst assessments, including an average price target of $0.50, have been rendered obsolete by the bankruptcy filing and the impending termination of its exchange listing.