Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers

Autor:	ElectraMeccanica
Zdroj:	Business Wire (English). 01/11/2024.
Abstrakt:	Xos, Inc. (NASDAQ: XOS) (“Xos”), a leading electric truck manufacturer and fleet electrification services provider, and ElectraMeccanica, (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that they have entered into a definitive arrangement agreement, pursuant to which Xos will acquire all of the issued and outstanding common shares of ElectraMeccanica (the “ElectraMeccanica Shares”) in an all-stock transaction. The members of the boards of directors of both companies unanimously approved the proposed transaction. [ABSTRACT FROM PUBLISHER]
Databáze:	Regional Business News
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