Xos to Acquire ElectraMeccanica; Microsite Updates Filed

TL;DR

**Xos is buying ElectraMeccanica, check the microsite updates for deal details.**

AI Summary

Xos, Inc. announced on January 11, 2024, its intention to acquire ElectraMeccanica Vehicles Corp. through a plan of arrangement. This DEFA14A filing includes screenshots from ElectraMeccanica's microsite, specifically the "Market," "Products," and "Operations" sections, which were updated with input from Xos. This acquisition matters to investors because it signals Xos's strategic expansion and could impact its future financial performance and market position in the electric vehicle sector.

Why It Matters

This acquisition could expand Xos's product offerings and market reach, potentially leading to increased revenue and shareholder value, or it could introduce integration challenges and financial strain.

Risk Assessment

Risk Level: medium — Acquisitions always carry integration risks and the potential for unforeseen liabilities, making this a medium-risk event for Xos shareholders.

Analyst Insight

Investors should monitor future filings for details on the financial terms of the acquisition and the strategic rationale, as well as any updates on integration plans, to assess the potential impact on Xos's valuation.

Key Players & Entities

• Xos, Inc. (company) — the acquiring company
• ElectraMeccanica Vehicles Corp. (company) — the company being acquired
• January 11, 2024 (date) — date of arrangement agreement announcement
• U.S. Securities and Exchange Commission (company) — regulatory body where filings are made

Forward-Looking Statements

• Xos's product portfolio will expand significantly post-acquisition. (Xos, Inc.) — medium confidence, target: Q3 2024
• ElectraMeccanica's brand will be integrated into Xos's operations. (ElectraMeccanica Vehicles Corp.) — medium confidence, target: Q4 2024

FAQ

Filing Documents

• a2024013114afiling.htm (DEFA14A) — 41KB
• market1.jpg (GRAPHIC) — 387KB
• market2.jpg (GRAPHIC) — 441KB
• market3.jpg (GRAPHIC) — 389KB
• market4.jpg (GRAPHIC) — 436KB
• market5.jpg (GRAPHIC) — 321KB
• operations1.jpg (GRAPHIC) — 469KB
• operations2.jpg (GRAPHIC) — 229KB
• operations3.jpg (GRAPHIC) — 347KB
• operations4.jpg (GRAPHIC) — 352KB
• operations5.jpg (GRAPHIC) — 324KB
• products1.jpg (GRAPHIC) — 412KB
• products2.jpg (GRAPHIC) — 538KB
• products3.jpg (GRAPHIC) — 517KB
• 0001819493-24-000020.txt ( ) — 7144KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Xos, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (check the appropriate box) No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. On January 11, 2024, Xos, Inc. ("Xos") and ElectraMeccanica Vehicles Corp. ("ElectraMeccanica") announced entry into an arrangement agreement, pursuant to which Xos will acquire all of the issued and outstanding common shares of ElectraMeccanica pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). This Schedule 14A filing consists of screenshots of the "Market," "Products" and "Operations" sections (the "Microsite Updates") of the ElectraMeccanica microsite for the proposed transaction. ElectraMeccanica published the Microsite Updates with input from Xos. Screenshots of Updates to ElectraMeccanica Microsite for the Proposed Transaction Additional Information and Where to Find It In connection with the proposed transaction, Xos and ElectraMeccanica intend to file with the U.S. Securities and Exchange Commission (the "SEC") joint preliminary and definitive proxy statements, including management information circulars, and other relevant documents relating to the proposed transaction. Promptly after filing the joint definitive proxy statement with the SEC, Xos and ElectraMeccanica will mail the joint definitive proxy statement, including management information circular, and a proxy card to Xos' stockholders and ElectraMeccanica's shareholders as of a record date to be established for voting on the matters related to the proposed transaction and any other matters to be voted on at the special meetings of Xos' stockholders and ElectraMeccanica's shareholders, respectively. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENTS AND MANAGEMENT INFORMATION CIRCULARS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), AS APPLICABLE, AND ANY OTHER DOCUMENTS THAT XOS AND ELECTRAMECCANICA WILL FILE WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, OR INCORPORATE BY REFERENCE IN THE JOINT PROXY STATEMENTS AND MANAGEMENT INFORMATION CIRCULARS, AS APPLICABLE, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Security holders may obtain free copies of the joint preliminary and definitive proxy statements and management information circulars (including any amendments or supplements thereto) and any other relevant documents filed by Xos and ElectraMeccanica with the SEC in connection with the proposed transaction (when they become available) on the SEC's website at www.sec.gov, on the Canadian System for Electronic Document Analysis and Retrieval+ website at httpswww.sedarplus.ca, on Xos' website at www.xostrucks.com, by contacting Xos' investor relations via email at investorsxostrucks.com, on ElectraMeccanica's website at httpsir.emvauto.com, or by contacting ElectraMeccanica's Investor Relations via email at IRemvauto.com, as applicable. Participants in the Solicitation Xos and its directors and certain of its executive officers, consisting of Stuart Bernstein, Burt Jordan, Alice K. Jackson, George N. Mattson and Ed Rapp, who are the non-employee members of the board of directors of Xos, Dakota Semler, Chief Executive Officer and a director of Xos, Giordano Sordoni, Chief Operating Officer and a director of Xos, Liana Pogosyan, Vice President of Finance and Acting Chief Financial Officer of Xos, and Christen Romero, General Counsel of Xos, are participants in the solicitation of proxies from the stockholders of Xos in connection with matters related to the proposed transaction and any other matters to be voted on at the special meeting of stockholders of Xos. Information regarding Xos' directors and certain of its executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, can be found under the captions "Security Ownership of Certain Beneficial Owners and Management," "Executive Compensation-Outstanding Equity Awards at 2022 Fiscal Year-End," and "Executive Compensation-Director Compensation" contained in Xos' definitive proxy statement on Schedule 14A for its 2023 annual meeting of the stockholders (the "2023 Xos Proxy Statement"), which was filed with the SEC on April 20, 2023. To the exten

View Full Filing

View this DEFA14A filing on SEC EDGAR