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Canoo, the Los Angeles-based electric vehicle startup, has struck a deal to merge with special-purpose acquisition company Hennessy Capital Acquisition Corp., with a market valuation of $2.4 billion. The announcement Tuesday marks the fourth time this summer that an electric vehicle company has skipped the traditional IPO path and instead taken the company public through a merger agreement with a SPAC, also known as blank check companies. Nikola Corp., Fisker Inc., and Lordstown Motors have also gone public — or announced the agreement to — via a SPAC. Canoo said it was able to raise $300 million in private investment in public equity, or PIPE, including investments from funds and accounts managed by BlackRock. Through the transaction, Canoo said it will have about $600 million that will go toward the production and launch of electric vehicles built off of its underlying skateboard technology. It will make my day if you subscribe to my Channel and Please share with friends and family! 👉 / @mrmoneygeek WEBULL: Get Two Free Stocks Right Now ▶︎https://bit.ly/34nuCT5 Join Our Free Facebook Private Group Here: ▶︎ / 539208413399970 Check out my dividend portfolio here: ▶︎https://mrmoneygeek.com/mr-money-geek... ---- Ready To Start Managing Your Money? Download My Free Budgeting Template ▶︎ https://goo.gl/6vDnkj Track Your Money With Personal Capital ▶︎https://goo.gl/XVaeNV CAPITAL ONE: Open a MONEY MARKET ACCOUNT ▶︎https://goo.gl/djUoFx ---- Ready To Start Investing? M1 FINANCE:” Invest in fractional shares plus get Free $20 in stocks.” ▶︎ https://mbsy.co/CnCC7 ROBINHOOD: Get Free Stocks ▶︎ https://goo.gl/Rs9uUA WEBULL: Get Two Free Stocks Right Now ▶︎https://bit.ly/34nuCT5 SoFi: Get $100 in Free Stocks ▶︎https://bit.ly/3aRC8bq ---- Ready To Start Making Money? Side Hustle with Uber ▶︎https://goo.gl/JpXRsK Host Your Blog With Hostgator ▶︎https://goo.gl/tZxAXK Create your website or logo on Fiverr ▶︎https://goo.gl/4h3WJW ---- Ready To Keep Learning? My Favorite Personal Finance Book 📘 http://amzn.to/2p0nvJV My Favorite Investing Book 📗 https://amzn.to/2YpMv0p My Favorite Personal Development Book 📕 http://amzn.to/2pRRUyQ I'm an Influencer with Amazon https://goo.gl/xrKki1 📍QUESTIONS Have a question about being debt-free, Personal Finance, Career, reinventing yourself, or Anything Else? Post in the comments section of this video! 📍 Follow And Listen To Mr. V: Instagram: @mr.moneygeek Twitter: @mrmoneygeek Website: https://www.mrmoneygeek.com/ Based in Minneapolis #mrmoneygeek #Canoo #EVstocks Mr. V ---- DISCLAIMER: Valentine Nde, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Valentine Nde’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s), and conduct your own due diligence. AFFILIATE DISCLOSURE: This video and description contain affiliate links, which means that if you click on one of the product links, We'll receive a little commission at no additional cost to you. This helps support the channel and allows us to continue to make videos like this. We appreciate your support.