On January 11, 2024, Xos Inc. announced that it had entered into an agreement with ElectraMeccanica pursuant to which Xos will acquire all of the issued and outstanding common shares of ElectracMeccanica in an all-stock transaction. The transaction represents a unique opportunity for Xos to meet the growing demand for zero-emission medium-duty electric trucks by providing Xos with access to ElectraMeccanica’s cash balance.
Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets.
ElectraMeccanica is a designer and assembler of environmentally efficient electric vehicles.
Osler, Hoskin & Harcourt LLP advised Xos Inc. with a team consisting of Alex Gorka, Kevin Feng, Sydney McKibbon (Corporate), David Davachi, Taylor Cao and Okanga, Okanga (Tax), Teresa Tomchak (Litigation) and Kaeleigh Kuzma (Foreign Investment, Competition & Antitrust).