Canoo names nominees for board of director positions post merger with HCAC

Canoo Holdings Ltd. (Canoo), a company developing breakthrough electric vehicles (EV) with a proprietary and highly versatile skateboard platform for personal and business use, announced the details of its nominees for its board of directors following the announced merger with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company.

The nominees for the Canoo board of directors will include:

Ulrich Kranz, CEO of Canoo; former BMW executive: 30+ years at BMW and MINI, creator and head of BMW's electric vehicle division
Daniel J. Hennessy, Chairman & CEO of Hennessy Capital Acquisition Corp. IV
Tony Aquila, Founder, Chairman & CEO of AFV Partners; Chairman of Aircraft Performance Group, LLC and RocketRoute Limited; formerly served as Chairman of the Board for the Sportradar Group and Founder, Chairman & CEO of Solera
Richard Clarke, Partner, GRO Advisors; formerly with Goldman Sachs and Man GLG
Foster Chiang, former Vice Chairman TPK Holding Co. Ltd.
Four additional nominees to be named later

Commenting on the formation of the board, Ulrich Kranz, Chief Executive Officer of Canoo, said, “Our board of directors nominees have a proven track record in leading businesses to great success and extensive experience helping emerging technology companies reach new heights. Forming the board of directors is an important step as we advance our partnership with Hennessy Capital. I am confident that these accomplished individuals will be instrumental toward achieving our goal of bringing groundbreaking electric vehicles to market.”

Daniel J. Hennessy, the Founder and Managing Member of Hennessy Capital LLC, who has completed three successful SPAC IPOs previously, said, “Electric vehicles are the future for the automotive industry. After reviewing nearly two hundred potential partners, we selected Canoo based on the team's proven track record of accomplishments and a belief that they are closer to commercial success than any other company we evaluated. Canoo's unique skateboard architecture that maximises usable interior space and supports multiple vehicle configurations is a win for our shareholders and the market. I look forward to future developments in the technology and continued success with Canoo.”

Tony Aquila, a serial inventor, entrepreneur and dealmaker with over 70 transactions worth $15 billion in transaction value in the mobility and technology space said, “We have looked at many of the EV opportunities in the market and have decided to put our support and industry track record behind Ulli and the Canoo team. We believe that this platform is uniquely positioned to meet the rapidly growing needs of the entire EV mobility and logistics ecosystem with a multigenerational platform approach.”

Canoo will announce four additional nominees for its board of directors at a later date.