<SEC-DOCUMENT>0001140361-24-015379.txt : 20240327
<SEC-HEADER>0001140361-24-015379.hdr.sgml : 20240327
<ACCEPTANCE-DATETIME>20240326181854
ACCESSION NUMBER:		0001140361-24-015379
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20240327
DATE AS OF CHANGE:		20240326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Xos, Inc.
		CENTRAL INDEX KEY:			0001819493
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				981550505
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-273479
		FILM NUMBER:		24785174

	BUSINESS ADDRESS:	
		STREET 1:		3550 TYBURN STREET
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90065
		BUSINESS PHONE:		(818) 316-1890

	MAIL ADDRESS:	
		STREET 1:		3550 TYBURN STREET
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90065

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NextGen Acquisition Corp
		DATE OF NAME CHANGE:	20200729
</SEC-HEADER>
<DOCUMENT>
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<TEXT>
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            <div style="text-align: justify; color: #000000; font-weight: bold;">PROSPECTUS SUPPLEMENT NO. 9</div>
            <div style="text-align: justify; color: #000000; font-weight: bold;">(TO PROSPECTUS DATED AUGUST 8, 2023)</div>
          </td>
          <td style="width: 50%; vertical-align: bottom;">
            <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Filed Pursuant to Rule 424(b)(3)<br>
              Registration No. 333-273479</div>
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    <div style="text-align: center; color: #000000;"><img width="193" border="0" height="71" src="logo.jpg">&#160;</div>
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    <div style="text-align: justify; text-indent: 24pt; color: #000000;">This prospectus supplement updates and supplements the prospectus dated August 8, 2023 (the &#8220;Prospectus&#8221;), which forms a part of our Registration Statement on Form S&#8209;1, as amended
      (Registration No. 333&#8209;273479). This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in our Current Report on Form 8&#8209;K filed with the Securities and Exchange Commission on
      March 26, 2024 (the &#8220;Current Report on Form 8&#8209;K&#8221;). Accordingly, we have attached the Current Report on Form 8&#8209;K to this prospectus supplement.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 24pt; color: #000000;">You should read this prospectus supplement in conjunction with the Prospectus, including any amendments or supplements to it. This prospectus supplement is not complete without, and
      may not be delivered or used except in conjunction with, the Prospectus, including any amendments or supplements to it. This prospectus supplement is qualified by reference to the Prospectus, except to the extent that the information provided by this
      prospectus supplement supersedes information contained in the Prospectus. You should not assume that the information provided in this prospectus supplement, the Prospectus or any prior prospectus supplement is accurate as of any date other than their
      respective dates. Neither the delivery of this prospectus supplement, the Prospectus, or any prior prospectus supplement, nor any sale made hereunder or thereunder, shall under any circumstances create any implication that there has been no change in
      our affairs since the date of this prospectus supplement, or that the information contained in this prospectus supplement, the Prospectus or any prior prospectus supplement is correct as of any time after the date of that information.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 24pt; color: #000000;">Our Common Stock and Public Warrants are listed on The Nasdaq Capital Market (&#8220;Nasdaq&#8221;) under the symbols &#8220;XOS&#8221; and &#8220;XOSWW,&#8221; respectively. On March 25, 2024, the closing price of our
      Common Stock was $11.95 and the closing price for our Public Warrants was $0.021.</div>
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          <td style="width: 100%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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    <div style="text-align: justify; text-indent: 24pt; color: #000000; font-weight: bold;">See the section entitled &#8220;Risk Factors&#8221; beginning on page 9 of the Prospectus, as updated and supplemented by the section entitled &#8220;Risk Factors&#8221; in this prospectus
      supplement and under similar headings in any further amendments or supplements to the prospectus to read about factors you should consider before buying our securities.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 24pt; color: #000000; font-weight: bold;">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if the prospectus
      or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold; color: #000000;">The date of this prospectus supplement is</font><font style="font-size: 10pt;">&#160;<font style="font-weight: bold; color: rgb(0, 0, 0);">March
          26, 2024.</font></font></div>
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        <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
        <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
        <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
        <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
        <div><br>
        </div>
        <div style="text-align: center;">Date of Report (Date of earliest event reported): March 26, 2024</div>
        <div style="text-align: center; font-size: 24pt; font-weight: bold;">XOS, INC.<br>
        </div>
        <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
        <div><br>
        </div>
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              <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Delaware<br>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 32.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">001-39598<br>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">98-1550505<br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 32%; vertical-align: top;">
                <div style="text-align: center; color: #000000;">(State or Other Jurisdiction of Incorporation)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 32.13%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">(Commission File Number)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 32%; vertical-align: top;">
                <div style="text-align: center; color: #000000;">(I.R.S. Employer Identification No.)</div>
              </td>
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        <div>&#160;</div>
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              <td style="width: 48.96%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                <div style="text-align: center; color: #000000; font-weight: bold;">3550 Tyburn Street<br>
                </div>
                <div style="text-align: center; font-weight: bold;">Los Angeles, California</div>
              </td>
              <td style="width: 2.08%; vertical-align: bottom;">&#160;</td>
              <td style="width: 48.96%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">90065<br>
                </div>
              </td>
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              <td style="width: 48.96%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0);">(Address of principal executive offices)</div>
              </td>
              <td style="width: 2.08%; vertical-align: bottom;">&#160;</td>
              <td style="width: 48.96%; vertical-align: bottom;">
                <div style="text-align: center; color: rgb(0, 0, 0);">(Zip Code)</div>
              </td>
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        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">(818) 316-1890</div>
        <div style="text-align: center;">(Registrant&#8217;s telephone number, including area code)</div>
        <div><br>
        </div>
        <div style="text-align: center;">(Former name or former address, if changed since last report.)</div>
        <div><br>
        </div>
        <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:</div>
        <div><br>
        </div>
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              <td style="width: 24.35pt; vertical-align: top;">&#9744;<br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
              </td>
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        <div>&#160;</div>
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              <td style="width: 24.35pt; vertical-align: top;">&#9744;<br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
              </td>
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        <div>&#160;</div>
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              <td style="width: 24.35pt; vertical-align: top;">&#9744;<br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
              </td>
            </tr>

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        <div>&#160;</div>
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              <td style="width: 24.35pt; vertical-align: top;">&#9744;<br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))</div>
              </td>
            </tr>

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        <div><br>
        </div>
        <div>Securities registered pursuant to Section 12(b) of the Act:</div>
        <div> <br>
        </div>
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              <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Title of each class</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 29.93%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Trading symbol(s)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 36%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Name of each exchange on which registered</div>
              </td>
            </tr>
            <tr>
              <td style="width: 30%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div style="text-align: center; color: rgb(0, 0, 0);">Common Stock, $0.0001 par value per share<br>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 29.93%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div style="text-align: center; color: rgb(0, 0, 0);">XOS<br>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
              <td style="width: 36%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div style="text-align: center; color: rgb(0, 0, 0);"><font style="-sec-ix-hidden:Fact_a1e05ade2bbe4025880f23c7cca2aaa3">The Nasdaq Capital Market</font><br>
                </div>
              </td>
            </tr>
            <tr>
              <td style="width: 30%; vertical-align: top;">
                <div style="text-align: center; color: #000000;">Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $345.00 per share<br>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 29.93%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">XOSWW<br>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 36%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);"><font style="-sec-ix-hidden:Fact_8ab3ad23cb7f4040851a83b8fc178c70">The Nasdaq Capital Market</font><br>
                </div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
        <div style="text-align: right;">Emerging growth company &#9746;</div>
        <div><br>
        </div>
        <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the
          Exchange Act. &#9744;</div>
        <div><font style="color: rgb(0, 0, 0);"> <br>
          </font></div>
        <div>
          <div><font style="color: rgb(0, 0, 0);"> </font></div>
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        <div><font style="font-weight: bold;">Introductory Note</font>.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">As previously disclosed in the Current Reports on Form 8-K filed by Xos, Inc., a Delaware corporation (&#8220;Xos&#8221;) with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on January 11, 2024, Xos entered into an
          Arrangement Agreement on January 11, 2024 (as amended, the &#8220;Arrangement Agreement&#8221;), with ElectraMeccanica Vehicles Corp., a corporation existing under the laws of the Province of British Columbia (&#8220;ElectraMeccanica&#8221;), pursuant to which Xos
          agreed to acquire all of the issued and outstanding common shares of ElectraMeccanica (the &#8220;ElectraMeccanica Shares&#8221;) pursuant to a plan of arrangement (the &#8220;Plan of Arrangement&#8221;) under the Business Corporations Act (British Columbia) (the
          &#8220;Arrangement&#8221;). The Arrangement was consummated on March 26, 2024 (the &#8220;Closing Date&#8221;).</div>
        <div><br>
        </div>
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            <tr>
              <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 2.01.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">Completion of Acquisition or Disposition of Assets.</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div style="text-align: justify;">The information provided in the Introductory Note is incorporated by reference herein.</div>
        <div>&#160;</div>
        <div style="text-align: justify;">Subject to the terms and conditions set forth in the Arrangement Agreement and the Plan of Arrangement, on March 26, 2024, each ElectraMeccanica Share outstanding immediately prior to the effective time of the
          Arrangement (the &#8220;Effective Time&#8221;) was converted automatically into the right to receive 0<font style="color: rgb(0, 0, 0);">.0143739 of a share of common </font>stock of Xos, par value $0.0001 per share (the &#8220;Common Stock&#8221;).</div>
        <div>&#160;</div>
        <div style="text-align: justify;">At the Effective Time, (i) each ElectraMeccanica deferred share unit, performance share unit and restricted share unit that was outstanding immediately prior to the Effective Time vested and was settled by
          ElectraMeccanica in exchange for one ElectraMeccanica Share, subject to applicable withholdings; (ii) each ElectraMeccanica option to purchase ElectraMeccanica Shares that was outstanding immediately prior to the Effective Time, all of which were
          out-of-the-money at such time, was cancelled without any payment therefor; and (iii) each outstanding purchase warrant to acquire ElectraMeccanica Shares remains outstanding following the closing of the Arrangement and remains exercisable
          pursuant to the terms and conditions of the warrant certificates representing such ElectraMeccanica warrants.</div>
        <div>&#160;</div>
        <div style="text-align: justify;">The foregoing summary description of the completion of the Arrangement does not purport to be complete and is qualified in its entirety by reference to the terms of (i) the Arrangement Agreement, which was filed as
          Exhibit 2.1 to the Current Reports on Form 8-K filed by Xos with the SEC on January 11, 2024, and is incorporated by reference into this Item 2.01. and (ii) the Amendment Agreement, which was filed as Exhibit 2.1 to the Current Reports on Form
          8-K filed by Xos with the SEC on January 31, 2024.</div>
        <div><br>
        </div>
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            <tr>
              <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 3.02.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-weight: bold;">Unregistered Sales of Equity Securities.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify;">The information set forth under Item 2.01 of this Current Report on Form 8-K is hereby incorporated into this Item 3.02.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">The Common Stock issued by Xos in connection with the Arrangement were issued in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), pursuant to
          Section 3(a)(10) of the Securities Act based on the final order of the Supreme Court of British Columbia<font style="color: rgb(255, 0, 0);">&#160;</font>issued on March 22, 2024, approving the Plan of Arrangement following a hearing by the court
          which considered, among other things, the fairness of the Arrangement to the persons affected.</div>
        <div><br>
        </div>
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            <tr>
              <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 5.02</td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-weight: bold;">Departure of Directors; Election of Directors</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify;">As of the Effective Time, the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of
          (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson. Six (6) of the seven (7) Xos board members being Dakota Semler, Giordano Sordoni, Ed Rapp, George Mattson, Stuart Bernstein and Alice Jackson, remain on the Xos board. As
          of the Effective Time, Burt Jordan ceased serving as a member of the board of the directors of the Company and each committee thereof.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Ms. Ingargiola served as a member of the ElectraMeccanica Board since March 2018. Since 2007, Ms. Ingargiola has served as the Chief Financial Officer of Avalon GloboCare Corp. (NASDAQ: ALBT), a leading biotech
          health care company that is developing cell based therapeutic and diagnostic technologies for cancer and other diseases. From 2007 through 2016, Ms. Ingargiola served as the Chief Financial Officer at MagneGas Corporation (NASDAQ: MNGA). Prior to
          2007, Ms. Ingargiola held various roles as Budget Director and Investment Analyst in several private companies. She currently serves as a director and audit committee chair for several public companies, including Dragonfly Energy Holdings Corp.
          (NASDAQ: DFLI), Vision Marine Technologies, Inc. (NASDAQ: VMAR), and BioCorRx Inc. (OTCQB: BICX), and previously served on the boards of directors of AgEagle (NYSE: UAVS), Progress Acquisition Corporation (NASDAQ: PGRWU), Siyata Mobile Inc.
          (NASDAQ: SYTA) and MagneGas Corporation (NASDAQ: MNGA). Ms. Ingargiola graduated from Boston University with a bachelor&#8217;s degree in Business Administration and a concentration in Finance. She also received a Master of Health Administration from
          the University of South Florida.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Mr. Ostermann served as a member of the ElectraMeccanica Board since July 2022. Mr. Ostermann consulted to many of the top original equipment manufacturers (OEMs), including GM, Ford, Stellantis, Rivian, BMW,
          Mercedes, VW, Nissan and Hyundai as well as many auto suppliers on topics of business strategy, product development and operations improvement. Mr. Ostermann most recently served as PwC&#8217;s Global and US Auto Advisory Leader based in Detroit, MI
          for 11 years. Prior to PwC, he led the global auto practice of management consulting firm PRTM in Boston. Prior to that, he spent 17 years at top management consulting firm A.T. Kearney in the United States and Germany, which he also led as their
          Chief Executive Officer for 3 years. Mr. Ostermann currently serves as an independent director for auto suppliers Shape Corp and North American Stamping Group. Mr. Ostermann holds a bachelor&#8217;s degree in Industrial Engineering and Business from
          the University of Hamburg in Germany and a master&#8217;s degree in industrial and Systems Engineering and Business from the University of Southern California.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Mr. Richardson has served as a member of the ElectraMeccanica Board since November 2022. Mr. Richardson is an accomplished automotive executive with nearly fifty years of global experience, guiding business
          strategy and building customer solutions. Most recently, Mr. Richardson served as Interim Chief Executive Officer of Dura Automotive, an independent designer and manufacturer of automotive components, where he was tasked with delivering multiple
          strategic, urgent initiatives during the global pandemic. Mr. Richardson&#8217;s career has included his roles at General Motors, Delphi Corporation and Nexteer Automotive, where he served in multiple positions within the multi-billion-dollar global
          steering and driveline businesses. Mr. Richardson has focused his career on the development of electric steering systems, steering columns, driveline systems as well as advanced driver assistance systems and key technologies enabling reliable
          vehicle autonomy. He began in 1974 as a co-operative student at the former Saginaw steering gear division of General Motors and was ultimately appointed as the Executive Board Director and President of Nexteer. There, Mr. Richardson was
          responsible for building Nexteer&#8217;s global product portfolio, expanding customers served and leading industry growth. He retired from Nexteer Automotive as President and Executive Board Director in 2019. He currently serves as an independent
          director on the board of directors for both Dura Automotive and Shape Corporation. Mr. Richardson holds a bachelor&#8217;s degree in mechanical engineering from Kettering University and a master&#8217;s degree in business administration from Central Michigan
          University. He also holds a Master Level Professional Board Director Certification from the American College of Corporate Directors.</div>
        <div style="text-align: justify;"> <br>
        </div>
        <div style="text-align: justify;">
          <div style="text-align: left; color: #000000; font-family: 'Times New Roman', Times, serif;">In connection with their appointments to the Board, on March 15, 2024, the Company entered into indemnification agreements (the &#8220;Indemnification
            Agreements&#8221;) with each of Luisa Ingargiola, Dietmar Ostermann and Michael Richardson on substantially the same terms as the agreements previously entered between the Company and each of its other directors. The form of indemnification agreement
            entered into between the Company and each of its directors is filed as Exhibit 10.1 to the Company&#8217;s Quarterly Report on Form 10-Q, filed on March 31, 2023, and is incorporated herein by reference. The Indemnification Agreements provide
            customary indemnification protections to the indemnitees, including indemnification against all expenses, judgments, fines and amounts paid in settlement and advancement of expenses (subject to customary limitations).</div>
        </div>
        <div><br>
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              <tr style="vertical-align: top;">
                <td style="text-align: right; vertical-align: top; width: 54pt;">
                  <div style="text-align: left;"><font style="font-weight: bold;">Item 8.01.</font></div>
                </td>
                <td style="text-align: left; vertical-align: top; width: auto;">
                  <div><font style="font-weight: bold;">Other Events.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div style="font-style: italic;">Press Release</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-right: 1pt;">On March 26, 2024 Xos issued a press release announcing the closing of the Arrangement. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into
          this Item 8.01 by reference.</div>
        <div><br>
        </div>
        <div>
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                <td style="text-align: right; vertical-align: top; width: 54pt;">
                  <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">Item 9.01</font></div>
                </td>
                <td style="text-align: left; vertical-align: top; width: auto;">
                  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">Financial Statements and Exhibits.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z0c451da10faa497da68a90c92fe022ee">

                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 45pt;">
                    <div style="text-align: left; color: #000000;">(a)</div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div style="color: #000000;">Financial Statements of Businesses or Funds Acquired</div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">The Company will file the financial statements required by this item in connection with the Arrangement by amendment to this Current Report on Form 8-K to be filed no
            later than 71 calendar days after the date on which this Current Report on Form 8-K is due.</div>
          <div><br>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 45pt;">
                    <div style="text-align: left; color: #000000;">(b)</div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div style="color: #000000;">Pro Forma Financial Information</div>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">The Company will file the pro forma financial information required by this item in connection with the Arrangement by amendment to this Current Report on Form 8-K to be
            filed no later than 71 calendar days after the date on which this Current Report on Form 8-K is due.</div>
        </div>
        <div><br>
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        <div>(d) Exhibits</div>
        <div><br>
        </div>
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              <td style="width: 9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="border-bottom: 1pt solid;">
                  <div style="text-align: center; color: #000000; font-weight: bold;">Exhibit</div>
                  <div style="text-align: center; color: #000000; font-weight: bold;">Number</div>
                </div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 89%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="border-bottom: 1pt solid;">
                  <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Description</div>
                </div>
              </td>
            </tr>
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              <td style="width: 9%; vertical-align: middle;">&#160;</td>
              <td style="vertical-align: middle;" colspan="2">&#160;</td>
            </tr>
            <tr>
              <td style="width: 9%; vertical-align: top;">
                <div><a href="https://www.sec.gov/Archives/edgar/data/1819493/000121390024003084/ea191507ex2-1_xosinc.htm">2.1*</a></div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 89%; vertical-align: top;">
                <div>Arrangement Agreement by and between Xos and ElectraMeccanica dated January 11, 2024 (incorporated by reference to Exhibit 2.1 of Xos&#8217; Current Report on Form 8-K (File No. 001-39598), filed with the SEC on January 11, 2020)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9%; vertical-align: top;">
                <div><a href="https://www.sec.gov/Archives/edgar/data/1819493/000114036124004967/ny20019231x2_ex2-1.htm">2.2</a></div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 89%; vertical-align: top;">
                <div>Amendment Agreement by and between Xos and ElectraMeccanica dated January 31, 2024 (incorporated by reference to Exhibit 2.1 to ElectraMeccanica&#8217;s Current Report on Form 8-K filed with the SEC on February 1, 2024)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9%; vertical-align: top;" rowspan="1"><a href="https://www.sec.gov/Archives/edgar/data/1819493/000121390021045049/ea146322ex10-5_xosinc.htm">10.1</a></td>
              <td style="width: 2%; vertical-align: bottom;" rowspan="1">&#160;</td>
              <td style="width: 89%; vertical-align: top;" rowspan="1">Form of Indemnification Agreement, by and between Xos and its directors and officers (incorporated by reference to Exhibit 10.5 of Xos&#8217; Annual Report on Form 10-K filed with the SEC on
                March 31, 2023).</td>
            </tr>
            <tr>
              <td style="width: 9%; vertical-align: top;">
                <div><a href="ef20025225_ex99-1.htm">99.1</a></div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 89%; vertical-align: top;">
                <div>Press Release dated March 26, 2024.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 9%; vertical-align: top;">
                <div>104</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 89%; vertical-align: top;">
                <div style="color: #000000;">Cover Page Interactive Data File (embedded within the Inline XBRL document)</div>
              </td>
            </tr>

        </table>
        <div> <br>
        </div>
        <div style="text-align: justify; color: #000000;">*Exhibits and/or schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant hereby undertakes to furnish supplementally copies of any of the omitted exhibits and
          schedules upon request by the SEC; provided, however, that the registrant may request confidential treatment pursuant to Rule 24b-2 under the Exchange Act for any exhibits or schedules so furnished.</div>
        <div style="text-align: justify; color: #000000;"> <br>
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        <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
        <div><br>
        </div>
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            <tr>
              <td style="width: 59.92%; vertical-align: bottom;" rowspan="1">
                <div style="text-indent: 36pt;">Dated: March 26, 2024</div>
              </td>
              <td style="vertical-align: top;" colspan="2" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 59.92%; vertical-align: bottom;" rowspan="1"><br>
              </td>
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              </td>
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              </td>
              <td style="vertical-align: top;" colspan="2">
                <div style="color: rgb(0, 0, 0); font-weight: bold;">XOS, INC.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 59.92%; vertical-align: bottom;"><br>
              </td>
              <td style="vertical-align: top;" colspan="2"><br>
              </td>
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              </td>
              <td style="width: 3%; vertical-align: bottom;"><br>
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              </td>
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              </td>
              <td style="width: 3%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">By:</div>
              </td>
              <td style="width: 37%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Dakota Semler<br>
              </td>
            </tr>
            <tr>
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              </td>
              <td style="width: 3%; vertical-align: bottom;"><br>
              </td>
              <td style="width: 37%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Dakota Semler</div>
              </td>
            </tr>
            <tr>
              <td style="width: 59.92%; vertical-align: bottom;"><br>
              </td>
              <td style="width: 3%; vertical-align: bottom;"><br>
              </td>
              <td style="width: 37%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Chief Executive Officer</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div><br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20025225_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt;">Exhibit 99.1</div>
    <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <font style="font-size: 10pt;"><br>
      </font></div>
    <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">LOS ANGELES &#8212; MARCH 26, 2024 &#8212; Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet electrification services provider, today announced
        that it has closed its acquisition of ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (&#8220;ElectraMeccanica&#8221;), a designer and assembler of electric vehicles. Terms of the acquisition were first announced on January 11, 2024. </div>
      <div style="font-size: 10pt;"><br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">The all-stock transaction is expected to add approximately $48 million to Xos&#8217; balance sheet and provide growth capital for the company.</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">&#8220;The growth capital received in the transaction, combined with our reduction of cash burn, provides an important pathway to profitability as we scale
        deliveries over the next several quarters,&#8221; said Dakota Semler, CEO and Co-Founder of Xos, Inc. &#8220;Xos is gross margin positive and has now charted our course to being free cash flow positive.&#8221;</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">Xos delivered a company record 110 units to fleet customers in the fourth quarter of 2023. The company&#8217;s customers in 2023 included FedEx Ground, UPS,
        Loomis, Canada Post, UniFirst, and Penske, showcasing strong demand for its electric commercial vehicles. With the addition of ElectraMeccanica's cash balance, Xos is well-positioned to continue its growth and meet the increasing demand for
        zero-emission commercial vehicles.</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">"We are confident that this acquisition will further strengthen Xos' commitment to operational excellence, customer-focused vehicles, and efficient capital
        deployment," said Giordano Sordoni, COO and Co-Founder of Xos, Inc.</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">The consideration received by ElectraMeccanica shareholders pursuant to the acquisition (the &#8220;Arrangement&#8221;) was 0.0143739 shares of Xos common stock for each
        common share of ElectraMeccanica held immediately prior to the consummation of the Arrangement. As a result, following the close of the Arrangement, former shareholders of ElectraMeccanica own approximately 21.0% of Xos. </div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">With the completion of the Arrangement, the common shares of ElectraMeccanica will be delisted from Nasdaq on or about March 26, 2024. Xos will also cause
        ElectraMeccanica to surrender its reporting issuer status in British Columbia.</div>
      <div style="font-size: 10pt;">&#160;</div>
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      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Required Early Warning Report Information</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">Following completion of the Arrangement, Xos has beneficial ownership and control over 100% of the issued and outstanding common shares of ElectraMeccanica.
        Prior to the Arrangement, Xos held no common shares of ElectraMeccanica.</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">This press release is being issued, in part, pursuant to National Instrument 62-103 &#8211; <font style="font-family: 'Times New Roman'; font-style: italic;">The Early Warning System and Related Take-Over Bid and Insider Reporting Issues</font> which requires a report to be filed under ElectraMeccanica&#8217;s profile on SEDAR+ (www.sedarplus.ca) containing additional information respecting the
        foregoing matters. You may also contact Michael Lukas at (818) 316-1890 to obtain a copy of the report.</div>
      <div style="font-size: 10pt;">&#160;</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">About Xos, Inc.</div>
      <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Xos is a leading technology company, electric truck manufacturer, and fleet services provider
          for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide
          commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit </font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">www.xostrucks.com</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></div>
      <div>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Contacts</div>
        <div style="font-size: 10pt;">&#160;</div>
      </div>
      <div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Xos Investor Relations</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><u>investors@xostrucks.com</u></div>
      </div>
      <div>
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        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Xos Media Relations</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><u>press@xostrucks.com</u></div>
        <div style="font-size: 10pt;">&#160;</div>
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        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
        <div style="font-size: 10pt;">&#160;</div>
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        <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">This website and other items we publish, including through social media outlets, may include &#8220;forward-looking statements&#8221; within the meaning of the &#8220;safe
          harbor&#8221; provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words &#8220;believe,&#8221; &#8220;project,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;strategy,&#8221;
          &#8220;future,&#8221; &#8220;opportunity,&#8221; &#8220;plan,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;will be,&#8221; &#8220;will continue,&#8221; &#8220;will likely result,&#8221; and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that
          are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements, including but not limited to: (i)
          Xos, Inc.&#8217;s (&#8220;Xos&#8221;) ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities, (ii) Xos&#8217; limited operating history, (iii) cost increases and supply chain shortages in the components
          needed for the production of Xos&#8217; vehicle chassis and battery system, (iv) Xos&#8217; ability to meet production milestones and fulfill backlog orders, (v) changes in the industries in which Xos operates, (vi) variations in operating performance across
          competitors, (vii) changes in laws and regulations affecting Xos&#8217; business, (viii) Xos&#8217; inability to implement its business plan or meet or exceed its financial projections (ix) Xos&#8217; ability to retain key personnel and hire additional personnel,
          (x) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry and (xi) the outcome of any legal proceedings that may be instituted against Xos.</div>
        <div style="font-size: 10pt;">&#160;</div>
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        <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">You should carefully consider the preceding factors and the other risks and uncertainties
            described in Xos&#8217; filings with the Securities and Exchange Commission (the &#8220;SEC&#8221;), including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Copies of Xos&#8217; SEC filings may be obtained by visiting Xos&#8217; Investors Relations
            website at&#160;</font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">investors.xostrucks.com</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';"> or the SEC&#8217;s website at&#160;</font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">www.sec.gov</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';">. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the
            forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Xos assumes no obligation and does not intend to update or revise
            these forward-looking statements, whether as a result of new information, future events, or otherwise.</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
