{"url_path":"/sec/xosww/8-k/2026-05-13/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1819493/0001819493-26-000034-index.html","accession_number":"0001819493-26-000034","cik":"0001819493","ticker":"XOS","issuer_name":"Xos, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1819493/0001819493-26-000034-index.html","primary_entity_key":"0001819493","primary_entity_name":"Xos, Inc."},"word_count":227,"has_tables":true,"body_markdown":"Item 1.01. Entry into a Material Definitive Agreement.\n\n \n\nOn May 8, 2026, the Company and Aljomaih Automotive Co. (\"Aljomaih\") entered into a Third Amended and Restated Convertible Promissory Note (the \"Third A&R Note\"). The Third A&R Note altered the convertible promissory note issued by the Company to Aljomaih on August 11, 2022, in an original principal amount of $20 million (as subsequently amended, the \"Convertible Note\") to reduce the conversion price from $71.451 per share (as adjusted for the 1-for-30 reverse stock split effected on December 6, 2023) of the Company's common stock, par value $0.0001 per share (\"Common Stock\"), to $12.00 per share of Common Stock (subject to customary proportional adjustment). The Third A&R Note also adds a mandatory conversion feature to the Convertible Note pursuant to which the Company may compel the conversion of the Convertible Note if the Daily VWAP (as defined in the Convertible Note) of the Common Stock exceeds $16.00 per share (subject to customary proportional adjustment) for at least twenty out of thirty consecutive trading days. The Convertible Note is otherwise unchanged in any material respect.\n\nThe foregoing description of the Third A&R Note is qualified in its entirety by reference to the actual Third A&R Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference to this Item 1.01."}