<ul><li>The CEO of Canoo, Anthony Aquila, is buying nearly all of the defunct EV startup's assets out of bankruptcy for $4 million in cash.</li><li>The sale also eliminates the over $11 million debt Canoo owed to Aquila's financial firm.</li><li>Canoo filed for bankruptcy liquidation six weeks ago and had around $145 million in assets and $175 million in liabilities as of February 24.</li><li>Aquila's new entity, WHS Energy Solutions, Inc., will receive Canoo's manufacturing equipment, completed vehicles, intellectual property, and other assets.</li></ul>

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

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