On March 23, 2021, Paul Balciunas, Chief Financial Officer and In Charge of Finance of Canoo Inc. and the company's principal financial and accounting officer, notified the Company of his intention to resign from his position with the Company to pursue another opportunity. Mr. Balciunas' departure is not related to any disagreement regarding financial disclosures, accounting matters or other business issues. The effective date of Mr. Balciunas' resignation will be April 2, 2021. The Company has commenced a search for Mr. Balciunas' replacement. Renato Giger will serve as Senior Vice President, Interim Chief Financial Officer and the Company's interim principal financial and accounting officer through the conclusion of the search process for a successor to Mr. Balciunas.