{"id":469,"date":"2024-01-16T10:18:13","date_gmt":"2024-01-16T15:18:13","guid":{"rendered":"https:\/\/www.beens.ca\/solo\/?p=469"},"modified":"2024-03-06T09:19:32","modified_gmt":"2024-03-06T14:19:32","slug":"los-angeles-based-truck-manufacturer-to-acquire-electrameccanica-in-all-stock-deal","status":"publish","type":"post","link":"https:\/\/www.beens.ca\/solo\/los-angeles-based-truck-manufacturer-to-acquire-electrameccanica-in-all-stock-deal\/","title":{"rendered":"Los Angeles-based truck manufacturer to acquire ElectraMeccanica in all-stock deal"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Xos Inc., a Los Angeles-based electric truck manufacturer, has entered into a definitive acquisition agreement with ElectraMeccanica Vehicles Corp. The acquisition will give Xos access to ElectraMeccanica&#8217;s estimated cash balance of $48.5 million and its issued and outstanding common shares upon closure of the deal. The transaction is expected to close in the first half of 2024, pending shareholder and regulatory approval. After the deal closes, ElectraMeccanica shareholders will own 21% of the combined company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more <a href=\"https:\/\/ktar.com\/story\/5557231\/los-angeles-based-truck-manufacturer-to-acquire-electrameccanica-in-all-stock-deal\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exciting news! Xos Inc. and ElectraMeccanica have agreed to join forces in an all-stock acquisition, expected to close in H1 2024 pending approval. This merger will give Xos access to ElectraMeccanica&#8217;s $48.5M cash balance and strengthen their position in the commercial truck market. #ElectricTrucks #Acquisition<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":false,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[23,26],"tags":[],"class_list":["post-469","post","type-post","status-publish","format-standard","hentry","category-news","category-emv-update"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paaDdG-7z","_links":{"self":[{"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/posts\/469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/comments?post=469"}],"version-history":[{"count":1,"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/posts\/469\/revisions"}],"predecessor-version":[{"id":470,"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/posts\/469\/revisions\/470"}],"wp:attachment":[{"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/media?parent=469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/categories?post=469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beens.ca\/solo\/wp-json\/wp\/v2\/tags?post=469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}