secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001819493-23-000268
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos announces 1-for-30 reverse stock split to comply with Nasdaq minimum bid price
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- Reverse stock split at 1:30 ratio effective 5:00 p.m. ET on Dec 6, 2023.
- Split intended to increase share price to meet Nasdaq's minimum bid price requirement and maintain listing.
- No fractional shares; cash in lieu. Proportional adjustments to warrants, RSUs, convertible debt, and earn-out targets.
- Warrants adjusted: every 30 warrants exercisable for 1 share at $345.00 (30x$11.50). Stockholders need not take action.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949323000268/0001819493-23-000268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949323000268/xos-20231201.htm
  HTML page:      https://secwatch.observer/filing/0001819493-23-000268

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