Form 424B3 - Prospectus [Rule 424(b)(3)]
07 Giugno 2024 - 11:03PM
Edgar (US Regulatory)
|
PROSPECTUS SUPPLEMENT NO. 11
(TO PROSPECTUS DATED AUGUST 8, 2023) |
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-273479 |
This prospectus supplement
updates and supplements the prospectus dated August 8, 2023 (the “Prospectus”), which forms a part of our Registration Statement
on Form S-1, as amended (Registration No. 333-273479). 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-K/A filed with the Securities and Exchange Commission
on June 4, 2024 (the “Current Report on Form 8-K”). Accordingly, we have attached the Current Report on Form 8-K to this prospectus
supplement.
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.
Our Common Stock and Public
Warrants are listed on The Nasdaq Capital Market (“Nasdaq”) under the symbols “XOS” and “XOSWW,” respectively.
On June 6, 2024, the closing price of our Common Stock was $7.55 and the closing price for our Public Warrants was $0.0336.
See the section entitled
“Risk Factors” beginning on page 9 of the Prospectus, as updated and supplemented by the section entitled “Risk Factors”
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.
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.
The date of this prospectus supplement is June
7, 2024.
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
(Amendment No. 1)
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 26, 2024
XOS, INC.
(Exact
name of registrant as specified in its charter)
| Delaware |
|
001-39598 |
|
98-1550505 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
3550 Tyburn Street
Los Angeles, California |
|
90065 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
(818)
316-1890
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report.)
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:
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
symbol(s) |
|
Name
of each exchange on which registered |
| Common Stock, $0.0001 par value per share |
|
XOS |
|
The Nasdaq Capital Market |
| Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $345.00 per share |
|
XOSWW |
|
The Nasdaq Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
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. ☐
EXPLANATORY
NOTE
On
March 26, 2024, Xos, Inc., a Delaware corporation (the “Company”), completed its previously announced business combination
involving ElectraMeccanica Vehicles Corp., a corporation existing under the laws of the Province of British Columbia (“ElectraMeccanica”),
whereby the Company acquired all of the issued and outstanding common shares of ElectraMeccanica (the “ElectraMeccanica Shares”)
pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) (the
“Arrangement”) in accordance with the terms of an arrangement agreement entered into by the Company and ElectraMeccanica
on January 11, 2024, as amended on January 31, 2024 (the “Arrangement Agreement”). 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 was converted automatically into the right to receive 0.0143739 of a share of Common Stock,
for total consideration of 1,766,388 shares of the Company’s common stock, par value $0.0001 per share.
On March 26, 2024, the Company filed a Current Report on Form
8-K (the “Initial 8-K”) with the U.S. Securities and Exchange Commission to report the completion of the transactions contemplated
by the Plan of Arrangement and other related matters. This amendment to the Initial 8-K amends Item 9.01 of the Initial 8-K and provides
the historical financial information required pursuant to Item 9.01(a) of Form 8-K and the pro forma financial information required pursuant
to Item 9.01(b) of Form 8-K. Except for the foregoing, no other changes have been made to the Initial
8-K.
The unaudited pro forma condensed combined financial information included in this amendment to the Initial 8-K are presented for
illustrative purposes only, contain a variety of adjustments, assumptions and estimates, and are not necessarily indicative of what the
combined company’s actual financial position or results of operations would have been had the Arrangement been completed on the
date indicated. The combined company’s actual results and financial position after the Arrangement may differ materially and adversely
from the unaudited pro forma condensed combined financial information included in this amendment to the Initial Form 8-K. Important factors
that may affect actual results include, but are not limited to, risks and uncertainties relating to the Company’s or ElectraMeccanica's
business, as applicable (including each company’s ability to achieve strategic goals, objectives and targets over applicable periods),
industry performance, and general business and economic conditions.
Item
9.01 Financial Statements and Exhibits.
(a) Financial
Statements of Business Acquired
The
audited consolidated financial statements of ElectraMeccanica as of and for the fiscal years ended December 31, 2023 and 2022 and accompanying
notes are included as Exhibit 99.1 hereto and are incorporated herein by reference.
(b) Pro
Forma Financial Information
The
following Unaudited Pro Forma Condensed Combined Financial Information required pursuant to Item 9.01(b) of Form 8-K are included as
Exhibit 99.2 hereto and are incorporated herein by reference:
| (i) | Unaudited
Pro Forma Condensed Combined Balance Sheet as of December 31, 2023. |
| (ii) | Unaudited
Pro Forma Condensed Combined Income Statement for the year ended December 31, 2023. |
| (iii) | Notes
to the Unaudited Pro Forma Condensed Combined Financial Statements. |
(c)
Exhibits.
SIGNATURES
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.
| Date:
June 4, 2024 |
XOS, INC. |
| |
|
|
| |
By: |
/s/
Dakota Semler |
| |
|
Dakota
Semler |
| |
|
Chief
Executive Officer |
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Grafico Azioni Xos (NASDAQ:XOSWW)
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