news 
Canoo CEO can buy bankrupt EV startup’s assets, judge rules
In a long-awaited decision, a judge has ruled that the CEO of troubled electric vehicle (EV) startup Canoo is allowed to purchase its remaining assets for approximately $4 million in cash. The move marks another significant development in the ongoing bankruptcy saga surrounding Canoo.
The ruling comes after numerous objections were raised by other interested parties and organizations with outstanding balances or equipment held by Canoo. However, Judge Brendan Shannon deemed that the process was fair and that no one else but CEO Anthony Aquila made a bid on the assets. The trustee overseeing the bankruptcy proceedings had previously disclosed weeks of negotiations involving multiple offers and counteroffers before reaching an agreement.
Aquila plans to utilize the acquired assets to offer services to customers such as NASA and the Department of Defense, which had already purchased vehicles from Canoo prior to its financial troubles.
Source: https://techcrunch.com/2025/04/09/canoo-ceo-can-buy-bankrupt-ev-startups-assets-judge-rules/
