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Tuesday, October 1, 2024

Canoo: Update -- October 1, 2024

Locator: 48448CANOO.

Link here.

  • previously reported: Canoo, Inc, has moved its headquarters form California to Justin, TX, a suburb of sorts north-northwest of Ft Worth, TX;
  • HQ staff had already been in Justin since 2021;
  • Canoo has now announced that its engineering workforce will move to Oklahoma: Oklahoma City and Pryor
    • Pryor, population, 9,000, is about an hour east-northeast of Tulsa
    • Tulsa is about an hour and a half east of Oklahoma City
    • the move should be complete by the end of the 4Q24
    • about 137 engineering positions will relocate from California to Texas and Oklahoma; majority of roles will be based in Oklahoma

Canoo: market cap -- $90 million

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