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XL Fleet and Pivotal Investment Corporation II closes previously announced merger
Dec. 22, 2020 6:40 AM ETXL Group plc (XL-OLD)By: Niloofer Shaikh, SA News Editor6 Comments
XL Fleet (NYSE:XL) has completed its previously announced merger with Pivotal Investment Corporation II (NYSE

IC).
The combined company commences trading today under the new name 'XL Fleet Corp' and ticker symbols 'XL' and 'XL WS'.
XL Fleet received ~$350M in cash proceeds, which will be used to advance XL Fleet’s position as a leader in fleet electrification through the development of new products, including all electric and Class 7-8 solutions, further the deployment of the company’s XL Grid charging infrastructure division and its complete “Electrification as a Service” offering, as well as to accelerate XL Fleet’s plans to expand internationally.
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