Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
A mysterious investor from London has requested a bankruptcy court in Delaware to stop SALE of EV Startup Canoo Assets for its CEO, calling it a “flaw” process.
Charles Garson, a UK -centered investor with no visible links to the beginning of EV, offered $ 20 million for Canoo assets, According to a registration. A lawyer who represents Garson presented a motion on Friday to rest the sale, claiming he presented a “very superior offer” for that of CEO of Canoo Anthony Aquila, who offered only $ 4 million in money for assets. (Aquila’s offer also includes the extinguishing of about $ 11 million in Canoo loan owes to his financial firm.)
Garson is suspected of being told the bankruptcy trustee that his offer would be considered and he had until the end of April to complete the details, according to the appearance. Two days after Garson claims he told this, the trustee “went ahead with the session of the sale” and closed the sale of Canoo’s assets in Aquila. The sale eventually closed on April 11. The bankruptcy trustee did not respond to a comment request.
Garson is not just in protest against the sale. Harbinger Motors, an EV truck startup created by a number of former Kanoos employees, opposed the sale before it was over. The bankruptcy judge dismissed that opposition; Harbinger has submitted an appeal.
There is very little information available about Garson Online. His profile of Linkedin says he is located in London and involved in real estate investments. His is ranked as director of a real estate investment company called Garland Holdings Limited in the UK, according to Country Business Register.
The motion to rest does not explain why Garson is interested in Canoo, or if other investors are involved. Garson provided a statement in support of the motion to rest, which includes 23 exhibitions. But all those documents were raised under the seal. A lawyer for Garson did not respond immediately to a comment request.
“(Garson) believed he had more than enough time to present his superior offer based on communications with his trustee and advisor. In confidence in such communications, Movant did not oppose the sale or officially
Submit a competitive offer, all as you continue to complete its offer and request clarifications from the trustee ”according to the submission.
“Despite a clear superior offer that is practically being thrown against him, the trustee decided to seek the court’s approval for a transaction with Aquila, the appearance said. A lawyer for Aquila did not respond to a comment request.
About eight parties signed and appreciated Canoo’s property before sale, a lawyer for bankrupt starting discovered at the beginning of this month. He said only some of them approached to make an offer, including a group that the bankruptcy trustee said he could create concerns with the United States Commission due to his (unspecified) “foreign ownership).
