💨 Abstract

Electric trucking company Harbinger has filed an objection to Canoo's asset sale to its CEO, accusing Canoo of hiding assets and favoring the CEO in the sale process. Harbinger claims the sale process did not widely market the assets or obtain an appraisal, and one of the assets includes an interest in any settlement Harbinger may pay to Canoo.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖