Stock Market News
Why Canon shares are growing by 10% a day
2022.11.25 11:06
Why Canon shares are growing by 10% a day
Budrigannews.com – After Executive Chairman and CEO Tony Aquila purchased over 9 million additional shares of the maker of electric vehicles, Canoo Inc. stock rose 11% early on Friday.
Filings with the SEC showed that on November 9, 2022, Canoo went into the Membership Understanding accommodating the acquisition of a total of 9,009,009 portions of Normal Stock at a cost of $1.11 per share for a total price tag of $10.0M.
Mr. Aquila and AFV-10, a specific reason vehicle oversaw by elements partnered with Mr. Aquila, were buyers of the offers.
Canoo has 62,479,217 shares owned by Aquilla and related entities, or 19.2% of the total.
