secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001819493-23-000131
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Xos shareholders approve reverse stock split and share issuances to Yorkville, Aljomaih
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- Amendment to effect reverse stock split approved (133.4M for, 912.9K against); board authorized to set ratio at a later date.
- Approved issuance of 20%+ of outstanding stock to Yorkville under Standby Equity Purchase Agreement (116.4M for, 1.5M against).
- Approved issuance of 20%+ of common stock under convertible debentures with Yorkville (116.4M for, 1.6M against).
- Approved issuance of 20%+ of common stock to Aljomaih Automotive Co. (116.8M for, 1.1M against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949323000131/0001819493-23-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949323000131/xos-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001819493-23-000131

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