June 20, 2021
Business News

XL Fleet Confirms Changes to Warrant Accounting Treatment Following SEC Statement


BOSTON–()–XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced that, following a statement published by the Staff of the U.S. Securities and Exchange Commission on April 12, 2021 regarding the accounting and reporting of warrants issued by special purpose acquisition companies, the consolidated financial statements as of and for the year ended December 31, 2020 included in the Company’s Annual Report on Form 10-K filed on March 31, 2021 should be restated.

The restatement will be isolated to this change in accounting treatment, which the Company believes also applies to a significant…



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