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Stock impact report

ElectraMeccanica Vehicles Corp. Reports Results of Special Meeting of Shareholders [Yahoo! Finance]

Xos, Inc. (XOS) 
Company Research Source: Yahoo! Finance
electric vehicles, today announces the results of the special meeting of shareholders of ElectraMeccanica (the “ Shareholders ”) held virtually on Wednesday, March 20, 2024 (the “ Meeting ”), including the adoption of the Arrangement (as defined below) by the Shareholders. ElectraMeccanica put forward the following proposals to be voted on by the Shareholders at the Meeting, all of which were approved: (i) to pass a special resolution approving a statutory arrangement (the “ Arrangement ”) under Division 5 of Part 9 of the Business Corporations Act (British Columbia), involving, among other things, the acquisition by Xos, Inc. (“ Xos ”) or its permitted assignee of all of the outstanding common shares (“ Shares ”) of the Company (the “ ElectraMeccanica Arrangement Proposal ”); (ii) to pass, on an advisory basis, an ordinary resolution approving the compensation that will or may become payable to ElectraMeccanica's named executive officers that is based on or otherwise relates to the Show less Read more
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