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EV startup Canoo raises going concern doubts as it runs low on cash (NASDAQ:GOEV)

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Electric vehicle startup Canoo (NASDAQ:GOEV) warned on Monday about its ability to continue as a going concern, highlighting its dwindling cash reserves amidst a slump in the EV market.

Shares of the Torrance, California-based company slumped 26% in extended trading.

The EV maker said that

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