LOS ANGELES, Nov. 12, 2020 /PRNewswire/ -- Canoo Holdings Ltd.
("Canoo"), a company developing breakthrough electric vehicles (EV)
with a proprietary and highly versatile skateboard platform for
personal and business use, announced today it will present at the
Barclays Global Automotive Conference. Members of management will
present Thursday, November 19, at
4:05 p.m. ET. Access to the
presentation will be available at the link here and will be
hosted online for 1 year after the completion of the
event.
Canoo has previously announced a merger agreement with Hennessy
Capital Acquisition Corp. IV ("HCAC") (Nasdaq: HCAC), a special
purpose acquisition company (SPAC), that would result in Canoo
becoming a publicly listed company.
About Canoo
Canoo is a Los Angeles-based
company that has developed breakthrough electric vehicles,
reinventing the automotive landscape with bold innovations in
design, pioneering technologies, and a unique business model that
defies traditional ownership to put customers first. Distinguished
by its experienced team – numbering over 300 employees from
leading technology and automotive companies – Canoo has designed a
modular skateboard platform purpose-built to deliver maximum
vehicle interior space and adaptable to support a wide range of
vehicle applications for consumers and businesses. Canoo expects to
launch its first consumer model in 2022, followed shortly after by
a last-mile delivery vehicle and a sport vehicle, each built off of
the same underlying skateboard platform.
For more information, please visit www.canoo.com.
For Canoo press materials, including photos, please visit
press.canoo.com.
For investors, please visit investors.canoo.com.
Forward Looking Statements
The information in this
press release includes "forward-looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, projections of market opportunity and market
share, expectations and timing related to commercial product
launches, ability to accelerate Canoo's go-to-market strategy and
capitalize on commercial opportunities, potential benefits of the
transaction and the potential success of Canoo's go-to-market
strategy, and expectations related to the terms and timing of
completing the transaction. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of Canoo's and HCAC's management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, a prediction or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and will differ from
assumptions. Many actual events and circumstances are beyond the
control of Canoo and HCAC. These forward-looking statements are
subject to a number of risks and uncertainties, including changes
in domestic and foreign business, market, financial, political and
legal conditions; the inability of the parties to successfully or
timely consummate the proposed business combination, including the
risk that any required regulatory approvals are not obtained, are
delayed or are subject to unanticipated conditions that could
adversely affect the combined company or the expected benefits of
the proposed business combination or that the approval of the
stockholders of HCAC or Canoo is not obtained; failure to realize
the anticipated benefits of the proposed business combination;
risks relating to the uncertainty of the projected financial
information with respect to Canoo; risks related to the rollout of
Canoo's business and the timing of expected business milestones and
commercial launch; risks related to future market adoption of
Canoo's offerings; risks related to Canoo's go-to-market strategy
and subscription business model; the effects of competition on
Canoo's future business; the amount of redemption requests made by
HCAC's public stockholders; the ability of HCAC or the combined
company to issue equity or equity-linked securities in connection
with the proposed business combination or in the future, and those
factors discussed in HCAC's final prospectus filed on March 4, 2019, Annual Report on Form 10-K for the
fiscal year ended December 31, 2019
and Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2020 and June 30, 2020, the registration statement on Form
S-4 (together with all amendments thereto, the "Registration
Statement") initially filed on September 18,
2020, and the preliminary proxy statement / prospectus
contained therein, in each case, under the heading "Risk Factors,"
and other documents of HCAC filed, or to be filed, with the
Securities and Exchange Commission ("SEC"). If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither HCAC nor Canoo presently know or that HCAC and Canoo
currently believe are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect HCAC's
and Canoo's expectations, plans or forecasts of future events and
views as of the date of this press release. HCAC and Canoo
anticipate that subsequent events and developments will cause
HCAC's and Canoo's assessments to change. However, while HCAC and
Canoo may elect to update these forward-looking statements at some
point in the future, HCAC and Canoo specifically disclaim any
obligation to do so. These forward-looking statements should not be
relied upon as representing HCAC's and Canoo's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Important Information for Investors and
Shareholders
In connection with the proposed business
combination, HCAC has filed the Registration Statement with the
SEC. Additionally, HCAC will file other relevant materials with the
SEC in connection with the business combination. Copies may be
obtained free of charge at the SEC's web site at www.sec.gov.
Security holders of HCAC are urged to read the Registration
Statement and the other relevant materials when they become
available before making any voting decision with respect to the
proposed business combination because they will contain important
information about the business combination and the parties to the
business combination. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release.
Participants in the Solicitation
HCAC and its
directors and officers may be deemed participants in the
solicitation of proxies of HCAC's stockholders in connection with
the proposed business combination. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of HCAC's executive officers and directors in
the solicitation by reading HCAC's Annual Report on Form 10-K for
the fiscal year ended December 31,
2019, and the Registration Statement and other relevant
materials filed with the SEC in connection with the business
combination when they become available. Information concerning the
interests of HCAC's participants in the solicitation, which may, in
some cases, be different than those of their stockholders
generally, are set forth in the Registration Statement.
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SOURCE Canoo