Xos (XOS) Registration filing summary

Company overview and business model

• Provides energy storage and fleet electrification solutions focused on decarbonizing commercial transportation, including mobile charging, medium-duty electric vehicles, and powertrain systems.

• Offers Xos Energy Solutions™ (charging infrastructure), Xos Vehicles (Class 5 and 6 electric trucks), and Powered by Xos™ (powertrain for specialty vehicles).

• Operates Xosphere™, a fleet management software platform integrating vehicle, maintenance, and charging data.

• Manufactures modular chassis and powertrain solutions for diverse commercial and specialty vehicle applications.

• Evolved from a SPAC merger and is now incorporated in Delaware.

Financial performance and metrics

• As of June 5, 2026, market value of common stock held by non-affiliates was approximately $59.96 million, based on 8,037,156 shares at $7.46 per share.

• In the prior 12 months, $11.37 million of securities were sold under Form S-3 limitations.

• Subject to a one-third cap on public offerings if market value of non-affiliate shares remains below $75 million.

• Outstanding debt includes a $15.5 million convertible note due in quarterly installments through February 2028.

Use of proceeds and capital allocation

• Net proceeds from securities sales are intended for working capital and general corporate purposes.

• Specific uses for proceeds from each offering will be detailed in the relevant prospectus supplement.