Harbinger Files Objection to Canoo's Asset Sale

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2 days ago

Summary

harbinger files objection to canoo's asset sale; claims hidden assets and unfair favoritism. Harbinger was created by former canoo employees and has a rocky relationship with the startup.

Key Points

Harbinger accuses Canoo of hiding certain assets from the sale process, including assets purchased from another bankrupt EV company Arrival
Canoo's CEO Anthony Aquila is buying the assets without widely marketing the sale or obtaining an appraisal
The objection could throw a wrench into Canoo's bankruptcy case and potentially affect the sale of its assets

Why It Matters

Harbinger's objection raises concerns about the transparency and fairness of Canoo's asset sale, which could have implications for the electric vehicle industry.

Author

Sean O'Kane

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