Canoo Inc (GOEV)

[Alvie]

On October 5, 2023, Canoo Inc. (the “Company”) held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved an amendment to Paragraph A of Article IV of the Company’s Second Amended and Restated Certificate of Incorporation to increase the Company’s number of shares of authorized common stock, par value $0.0001 per share, from 1,000,000,000 shares to 2,000,000,000 shares and the corresponding increase in the total number of authorized share of capital stock the Company may issue from 1,010,000,000 to 2,010,000,000 shares (the “Authorized Shares Amendment”).

The Company’s stockholders approved an amendment to the Pre-Paid Advance Agreement with Yorkville to lower the minimum price at which shares may be sold by us from $0.50 per share to $0.10 per share, which was referred to as the Yorkville Floor Price Proposal.