News Summary

In the ongoing bankruptcy proceedings of the electric vehicle startup Canoo, a judge has denied an attempt by Charles Garson, a UK-based financier, to halt the sale of the company’s assets to its CEO, Anthony Aquila. Despite Garson’s willingness to bid $20 million, he missed the deadline to formalize his bid and failed to disclose his funding sources, raising concerns about potential foreign investment issues. The judge ruled that Garson lacked the standing to challenge the sale, as he was not a creditor and did not submit a formal bid. The case also faced objections from Harbinger Motors, a company formed by former Canoo employees, but their appeal was previously denied.