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EV SPACs are Facing a Reality Check
SUMMARY
- EV Startup Canoo confirmed this week what most market participants had been anticipating for months.
- Management at Canoo warned investors that it might not have enough cash to ramp up operations and make it to the start of production.
- Canoo isn't the only one who has issued a going concern warning over the last few months.
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- EV SPACs are Facing a Reality Check13 May 2022
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