San Diego, CA -- (SBWIRE) -- 07/27/2021 -- Certain driectors of Canoo Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Canoo Inc. (NASDAQ: GOEV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: GOEV stocks follows a lawsuit filed against Canoo Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: GOEV stocks, concerns whether certain Canoo directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that prior to and after the combination between Hennessy Capital Acquisition Corp. IV and Canoo Inc Holdings Limited in December 2020, the Company promoted a business model based on a three-phased approach to generating revenue and growth, that an engineering services segment, that the sales of subscriptions to vehicles to consumers, and that the sale of vehicles to other businesses.

However, the plaintiff claims that the Defendants misled investors by misrepresenting and/or failing to disclose that the Company's engineering services segment was not a viable business, would not provide meaningful revenue in 2021, and would not reduce operational risk, that the Company would no longer be focused on its subscription-based business model, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Canoo Inc. (NASDAQ: GOEV) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.