Xos, Inc. effects 1-for-30 reverse stock split effective December 6, 2023

Xos, Inc.

Reverse stock split at 1:30 ratio effective 5:00 p.m. ET on December 6, 2023.
No fractional shares issued; stockholders receive cash in lieu based on closing price.
Authorized common shares remain 1,000,000,000; par value unchanged at $0.0001.
Each outstanding warrant adjusted: 30 warrants exercisable for 1 share at $345.00.
Common stock continues trading on Nasdaq as XOS under new CUSIP 98423B306.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Xos, Inc.: Xos, Inc. filed a Certificate of Amendment to effect a 1-for-30 reverse stock split, effective as of 5:00 p.m. ET on December 6, 2023, with trading on Nasdaq on a split-adjusted basis beginning December 7, 2023. The reverse split was approved by stockholders and the Board of Directors (effective 2023-12-06).

Change: charter amendment
Effective: 2023-12-06

Exact text from the filing

On December 6, 2023, Xos, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation to effect a 1 ‐ for ‐ 30 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”), effective as of 5:00 p.m. Eastern Time on December 6, 2023.

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Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001819493-23-000270

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