LOS ANGELES, Sept. 14, 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 RBC Capital Markets Global Industrials Conference. Members of
management will present Tuesday, September
15, at 5:00 p.m. ET. Access to
the presentation will be available at the link here and will be
archived for one year.
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 nearly 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, simply named
the canoo and available only by subscription, 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, 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 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, 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 will file a registration statement on Form S-4,
including a proxy 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 / proxy 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 / proxy 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, will be set forth in the proxy
statement relating to the business combination when it becomes
available.
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SOURCE Canoo