---
schema_version: "secwatch.filing_event.v1"
accession: "0001819493-26-000034"
form_type: "8-K"
ticker: "XOS"
cik: "0001819493"
company_name: "Xos, Inc."
filed_at: "2026-05-13T21:01:18+00:00"
generated_at: "2026-05-13T21:03:26.106654+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Xos lowers convertible note conversion price to $12/share; adds mandatory conversion trigger

## Summary
- Third A&R Note reduces conversion price from $71.451 to $12.00 per share of common stock.
- Mandatory conversion feature added: company may compel conversion if daily VWAP exceeds $16 for 20 of 30 consecutive trading days.
- Note has $20M principal, 10% annual interest payable in shares, and matures on February 11, 2028.
- Mandatory prepayment schedule continues through Feb 2028; May 11, 2026 prepayment of $1.5M is due.
- Aljomaih Automotive Co. is the noteholder; the note is unregistered and subject to exchange cap of 1,737,247 shares.

## SEC filing metadata
- accession: 0001819493-26-000034
- form_type: 8-K
- ticker: XOS
- cik: 0001819493
- company_name: Xos, Inc.
- filed_at: 2026-05-13T21:01:18+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819493/000181949326000034/0001819493-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819493/000181949326000034/xos-20260508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819493-26-000034
- JSON: https://secwatch.observer/filing/0001819493-26-000034.json
- Plain text: https://secwatch.observer/filing/0001819493-26-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.