EV Startup Canoo Files For Bankruptcy After NASA, USPS, Walmart Partnerships Bear Little Fruit - Canoo (NASDAQ:GOEV), Walmart (NYSE:WMT)
1. Canoo Inc. filed for Chapter 7 bankruptcy, initiating asset liquidation. 2. The company's partnerships, including Walmart, failed to secure necessary funding. 3. Canoo stock plummeted over 98% in the past year. 4. Leadership acknowledged inability to continue without adequate capital.