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Xos cuts Aljomaih note conversion price to $12 per share

PUBT·05/13/2026 21:02:49
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Xos cuts Aljomaih note conversion price to $12 per share
  • Xos entered Third Amended and Restated Convertible Promissory Note with Aljomaih Automotive on May 8, 2026, cutting conversion price on $20 million Convertible Note to $12 per share from $71.45.
  • Amendment adds mandatory conversion option, allowing Xos to force conversion if daily VWAP tops $16 per share for at least 20 of 30 consecutive trading days.


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: 0001819493-26-000034), on May 13, 2026, and is solely responsible for the information contained therein.