Xos and ElectraMeccanica amend arrangement agreement to clarify binding effect of plan

Xos, Inc.

Amendment clarifies Plan of Arrangement binding on EMV, shareholders (including dissenting), Xos, and successors.
Revised Schedule B (Plan of Arrangement) replaces prior version; includes Consideration formula based on Net Cash Percentage and share counts.
Amended recital allows Xos to assign the acquisition to a permitted assignee.
Parties to file joint proxy statements and management information circulars with SEC for shareholder votes.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Xos, Inc. amended Arrangement Agreement with ElectraMeccanica Vehicles Corp. (effective 2024-01-31).

Action: amendment
Agreement: merger
Counterparty: ElectraMeccanica Vehicles Corp.
Effective: 2024-01-31

Exact text from the filing

On January 31, 2024, Xos and ElectraMeccanica entered into an amendment agreement (the “Amendment Agreement”) to the Arrangement Agreement

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Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-004967

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