---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-015269"
form_type: "8-K"
ticker: "XOS"
cik: "0001819493"
company_name: "Xos, Inc."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:59:27.966657+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Xos closes all-stock acquisition of ElectraMeccanica; adds ~$48M cash, 21% dilution

## Summary
- Transaction closed March 26, 2024; ElectraMeccanica shareholders received 0.0143739 Xos shares per SOLO share.
- ~$48M added to Xos balance sheet; CEO cites pathway to free-cash-flow positive within several quarters.
- Three new directors from ElectraMeccanica appointed: Luisa Ingargiola, Dietmar Ostermann, Michael Richardson; Burt Jordan left.
- Former SOLO shareholders own ~21% of Xos; SOLO delisted from Nasdaq as of ~March 26.
- Xos delivered record 110 units in Q4 2023 to FedEx, UPS, Loomis, Canada Post, UniFirst, Penske.

## SEC filing metadata
- accession: 0001140361-24-015269
- form_type: 8-K
- ticker: XOS
- cik: 0001819493
- company_name: Xos, Inc.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/0001140361-24-015269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/ef20025181_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-015269
- JSON: https://secwatch.observer/filing/0001140361-24-015269.json
- Plain text: https://secwatch.observer/filing/0001140361-24-015269.txt

## Key facts
- Executive change
  Luisa Ingargiola was appointed as Director at Xos, Inc..
  - Action: appointed
  - Role: Director
  source text: the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/0001140361-24-015269-index.htm
- Executive change
  Michael Richardson was appointed as Director at Xos, Inc..
  - Action: appointed
  - Role: Director
  source text: the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/0001140361-24-015269-index.htm
- Executive change
  Burt Jordan departed as Director at Xos, Inc..
  - Action: ceased serving
  - Role: Director
  source text: As of the Effective Time, Burt Jordan ceased serving as a member of the board of the directors of the Company and each committee thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/0001140361-24-015269-index.htm
- Executive change
  Dietmar Ostermann was appointed as Director at Xos, Inc..
  - Action: appointed
  - Role: Director
  source text: the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/0001140361-24-015269-index.htm
- M&A Transactions
  Xos, Inc. completed an acquisition involving ElectraMeccanica Vehicles Corp. (closed 2024-03-26).
  - Action: acquisition
  - Counterparty: ElectraMeccanica Vehicles Corp.
  - Closing: 2024-03-26
  source text: The Arrangement was consummated on March 26, 2024 (the “Closing Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000114036124015269/0001140361-24-015269-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.