Canoo's CEO is buying the bankrupt EV startup's assets

The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing.A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt Canoo owed to a financial firm run by Aquila, which loaned money to the startup during its final months. The sale proposal comes just six weeks after Canoo filed for a Chapter 7 bankruptcy liquidat ...