On August 25, 2025, Xos Inc. issued 1,803,262 shares of its unregistered common stock to Aljomaih Automotive Company. This transaction was made in payment of approximately $6.0 million of accrued interest under a Convertible Note, with the conversion based on the 10-day VWAP as defined in the Note. No commission or remuneration was paid by Aljomaih in connection with the issuance.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xos Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001819493-25-000143), on August 27, 2025, and is solely responsible for the information contained therein.