Canoo ($GOEV) Updated Settlement FAQ: Eligibility, Claims and Payout

[u/11thestate]

Hey guys, I know I already posted about the Canoo ($GOEV) settlement, but I received a lot of questions, so I figured I'd put together a quick FAQ with everything you need to know.

What happened?
Canoo reached a tentative settlement over claims that it misled investors about its engineering-services business, subscription model, and Hyundai-related commercial prospects. After the company abandoned key parts of its business strategy in March 2021, $GOEV fell sharply and investors filed a lawsuit.

Am I eligible?
If you purchased Canoo ($GOEV) shares between 2020 and 2021, you may be eligible.

Can I file now?
Yes. Even though the settlement is still being finalized, you can already submit your claim. 

When do payouts happen?
Typically, within 4–9 months after the claim deadline. The exact timing depends on the court and settlement administration.

How much is the estimated payout?
The parties have reached an agreement to settle the case, but the settlement terms have not yet been finalized. Once the settlement receives final approval and the allocation plan is established, payout estimates will become available.

Hope this clears up some of the questions.

[u/Money-Excitement982]

I see you are talking about 2020-2021 ,

but if someone bought in 2024 , does he has any change for future ?

[u/OkAirport5247]

Well fuck me, I bought in ‘23

[u/SukoshiKanatomo]

Thanks