Bankruptcy | CANOO INC | 24th January 2025
On January 17, 2025 CANOO INC announced that has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. CANOO INC will be removed from the index effective January 24, 2025. Please note, the final removal price will depend on the stock trading status. If it is not trading on the primary stock exchange or any alternative eligible exchange, then the removal price will be zero.
The treatment below will be applied to the following indices:
- CANOO INC will be removed from the Index.
- The weight of CANOO INC (GOEV.OQ) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 24/01/2025
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