XL Fleet and Pivotal II Close $350M Merger

XL Fleet announced that it has completed its merger with Pivotal Investment II. The transaction was approved by Pivotal’s stockholders Dec. 21.

XL Fleet common stock and warrants begin trading today on the NYSE under “XL” and “XL WS”, respectively.

In connection with the merger and related private placement, XL Fleet received approximately $350 million in cash. Read more.

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