U.S. markets open in 1 hour 34 minutes
  • S&P Futures

    4,409.25
    +25.25 (+0.58%)
     
  • Dow Futures

    34,332.00
    +203.00 (+0.59%)
     
  • Nasdaq Futures

    15,246.00
    +82.50 (+0.54%)
     
  • Russell 2000 Futures

    2,234.60
    +19.70 (+0.89%)
     
  • Crude Oil

    71.90
    -0.33 (-0.46%)
     
  • Gold

    1,772.40
    -6.40 (-0.36%)
     
  • Silver

    22.67
    -0.24 (-1.03%)
     
  • EUR/USD

    1.1721
    +0.0025 (+0.21%)
     
  • 10-Yr Bond

    1.3360
    0.0000 (0.00%)
     
  • Vix

    19.59
    -4.77 (-19.58%)
     
  • GBP/USD

    1.3710
    +0.0091 (+0.67%)
     
  • USD/JPY

    110.0320
    +0.2540 (+0.23%)
     
  • BTC-USD

    43,482.35
    +1,515.97 (+3.61%)
     
  • CMC Crypto 200

    1,088.30
    +47.82 (+4.60%)
     
  • FTSE 100

    7,084.38
    +1.01 (+0.01%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

Electric-Van Start-Up Canoo to Go Public at $2.4 Billion Valuation Via Merger

·2 min read
Electric-Van Start-Up Canoo to Go Public at $2.4 Billion Valuation Via Merger

Electric-vehicle start-up Canoo Holdings is going public: The company said on Tuesday that it will merge with a publicly traded special-purpose acquisition company (SPAC) in a deal similar to the one that took electric-semi start-up Nikola (NASDAQ: NKLA) public in June. The combined company will be called Canoo, Inc., once the merger with SPAC Hennessy Capital Acquisition IV (NASDAQ: HCAC.U) closes in the fourth quarter of 2020. The deal, which values Canoo at $2.4 billion, will raise about $600 million in cash.