Canoo says these EVs will be highly efficient to produce and can allow them to modularly design new EVs for different end-users. … Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. NEW YORK and LOS ANGELES, Dec. 21, 2020 /PRNewswire/ -- Canoo Holdings Ltd. ("Canoo"), a company developing breakthrough electric vehicles ("EV") with a proprietary and highly versatile EV platform for personal and business use, and Hennessy Capital Acquisition Corp. IV ("HCAC") (NASDAQ: HCAC, HCACW), a special purpose acquisition company, announced today the completion … Canoo will … Therefore, with 244.8 million shares outstanding GOEV stock is worth $26.25 per share. Moreover, as the company will receive $607 million in the merger, the pro forma enterprise value (EV) is $3.566 billion (i.e., $4.173 billion minus $607 million). Now this $6.592 billion or $26.93 per share value is close to my estimate of $26.25. 26 Capital plans to target the gaming and gaming technology, branded consumer, lodging and entertainment, and Internet commerce sectors. Therefore, we can determine its value using an EV-to-sales model and compare this to what the company says its peers and sum-of-the-parts value should be. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Essentially, people will sit facing each other with this flat structure using its proprietary battery and drive-train technology. The merger consideration payable to Canoo shareholders consists of 175 million newly issued shares of Hennessy … The post-merger company will retain the Canoo name and will trade under the CNOO stock ticker on the Nasdaq. As a result, the EV-to-sales multiple of 3.01x (i.e., $3.566 billion divided by $1.164 billion). Canoo and HCAC will host a joint investor conference call to discuss the business and the proposed transaction today, August 18, 2020 at 8:00 AM ET. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons ='submit-button'); for(var i=0;i
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