Why Canon shares are growing by 10% a day

2022.11.25 11:06

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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.

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Why Canon shares are growing by 10% a day