8-K
filed March 26, 2024, 7:59 PM ET
CIK 0001637736
M&A
confidence high
sentiment neutral
materiality 0.75
ELECTRAMECCANICA VEHICLES CORP.: M&A transaction — ElectraMeccanica completes acquisition by Xos; shares to be delisted from Nasdaq
ELECTRAMECCANICA VEHICLES CORP.
- Arrangement effective March 26, 2024; shareholders receive 0.0143739 Xos shares per SOLO share.
- Aggregate consideration: 1,766,388 shares of Xos common stock issued to ElectraMeccanica shareholders.
- Trading of SOLO shares halted March 26; delisting and deregistration under Exchange Act initiated.
- All directors and certain executive officers (Susan Docherty, Michael Bridge) ceased roles post-closing.
- ElectraMeccanica becomes indirect wholly owned subsidiary of Xos.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joanne Yan departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Bridge departed as Executive Officer at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Executive Officer
Exact text from the filing
certain ElectraMeccanica executive officers, including Susan Docherty and Michael Bridge, ceased to be executive officers of ElectraMeccanica and its subsidiaries
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan Docherty departed as Executive Officer at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Executive Officer
Exact text from the filing
certain ElectraMeccanica executive officers, including Susan Docherty and Michael Bridge, ceased to be executive officers of ElectraMeccanica and its subsidiaries
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Sanders departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Shemmans departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Richardson departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Luisa Ingargiola departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan Docherty departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dietmar Ostermann departed as Director at ELECTRAMECCANICA VEHICLES CORP..
- Action
- ceased
- Role
- Director
Exact text from the filing
Steven Sanders, Michael Richardson, Susan Docherty, Luisa Ingargiola, Joanne Yan, David Shemmans and Dietmar Ostermann ceased to be members of ElectraMeccanica’s board of directors and any committees thereof
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ELECTRAMECCANICA VEHICLES CORP. underwent a change of control involving Xos, Inc. (closed 2024-03-26).
- Action
- change of control
- Counterparty
- Xos, Inc.
- Closing
- 2024-03-26
Exact text from the filing
(“ElectraMeccanica”), and Xos, Inc., a Delaware corporation (“Xos”), entered into an arrangement agreement (as amended, the “Arrangement Agreement”), pursuant to which Xos agreed to acquire all of the issued and outstanding common shares of
View on SEC.gov
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