secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001819493-25-000131
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos caps convertible note conversion and interest shares at 1.74M (19.99%) pending Nasdaq stockholder approval
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- Aljomaih amendment limits aggregate shares issuable under $20M convertible note to 1,737,247 (19.99% of outstanding).
- Interest payable in cash if 10-day VWAP below $3.04 and no stockholder approval; cash due by Aug 11, 2026 or approval date.
- Company must use commercially reasonable efforts to obtain Nasdaq stockholder approval for issuance above limit.
- Letter also restricts issuance if it would violate Nasdaq Rule 5635.
- Effective as of Aug 8, 2025; amends the Second Amended and Restated Convertible Promissory Note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949325000131/0001819493-25-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949325000131/xos-20250814.htm
  HTML page:      https://secwatch.observer/filing/0001819493-25-000131

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