secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K/A
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001213900-24-049648
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos completes acquisition of ElectraMeccanica; issues 1.77M shares for all outstanding shares
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- Acquisition closed March 26, 2024; each ElectraMeccanica share exchanged for 0.0143739 Xos common shares.
- Total consideration: 1,766,388 Xos shares to acquire all outstanding ElectraMeccanica shares.
- ElectraMeccanica FY2023 revenue $0.6M, net loss $57.6M; FY2022 revenue $6.8M, net loss $123.7M.
- ElectraMeccanica had cash & equivalents $65.5M and total assets $94.1M as of Dec 31, 2023.
- Amendment provides audited financials of ElectraMeccanica and pro forma combined financials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000121390024049648/0001213900-24-049648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000121390024049648/ea0206683-8ka1_xosinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-049648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer