Electrameccanica Vehicles (SOLO) has released an update to notify the public and investors about an entry into a material definitive agreement.
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ElectraMeccanica Vehicles Corp. and Xos, Inc. have amended their original arrangement agreement to clarify that the plan of arrangement will be binding on both parties and their successors post-Effective Time. Additionally, they will be filing joint proxy statements and other documents with the SEC concerning the proposed transaction, urging investors and security holders to read these carefully before voting. The documents will contain important information about the transaction and can be obtained for free from various sources once available. The companies have also provided a cautionary note about forward-looking statements, highlighting that they are subject to risks and uncertainties.
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For a comprehensive understanding of the announcement, you can read the full document here.
