secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001819493-22-000181
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos receives Nasdaq deficiency notice for bid price below $1.00
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- Closing bid price for common stock (XOS) below $1.00 for 30 consecutive business days as of Dec 28, 2022.
- 180-day grace period until June 26, 2023 to regain compliance under Nasdaq Rule 5450(a)(1).
- May qualify for additional 180-day grace period by transferring to Nasdaq Capital Market.
- Company will consider options including reverse stock split but no assurance of compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949322000181/0001819493-22-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949322000181/xos-20221228.htm
  HTML page:      https://secwatch.observer/filing/0001819493-22-000181

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