Daily Archives: August 6, 2023, 7:29 am

SEC Charges Electric Vehicle Company and Former CEO and CFO for Misconduct Related to SPAC Transaction

The Securities and Exchange Commission today announced settled charges against Canoo Inc., a company that designs and produces electric vehicles, its former Chief Executive Officer, Ulrich Kranz, and its former Chief Financial Officer, Paul Balciunas, for making inaccurate revenue projections. The SEC also charged Canoo and Kranz with misconduct related to nearly $1 million in undisclosed executive compensation. The SEC’s…

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