💨 Abstract

A UK-based investor, Charles Garson, has asked a Delaware bankruptcy court to halt the sale of EV startup Canoo's assets to its CEO, Anthony Aquila. Garson offered $20 million, claiming a superior bid, but the sale to Aquila, including the extinguishment of $11 million in loans, was closed on April 11.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖