{"id":450756,"date":"2021-03-04T08:54:03","date_gmt":"2021-03-04T13:54:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450756"},"modified":"2021-03-04T08:54:03","modified_gmt":"2021-03-04T13:54:03","slug":"xl-fleet-responds-to-recent-short-seller-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-responds-to-recent-short-seller-report\/","title":{"rendered":"XL Fleet Responds to Recent Short-Seller Report"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>XL Fleet Responds to Recent Short-Seller Report<\/b><\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nXL Fleet Corp. (NYSE: XL) (\u201cXL Fleet\u201d or the \u201cCompany\u201d), a leader in vehicle electrification solutions for commercial and municipal fleets, today addressed a March 3, 2021 report targeting XL Fleet written by a short-seller who has a disclosed economic incentive to negatively influence the Company\u2019s stock price.\n<\/p>\n<p>\nThe report contains numerous factual inaccuracies, misleading statements, and flawed conclusions. The Company intends to respond in due course.\n<\/p>\n<p><b>About XL Fleet Corp.<\/b><\/p>\n<p>\nXL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 145 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet\u2019s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet\u2019s plug-in hybrid electric drive system was named one of TIME magazine&#8217;s best inventions of 2019. For additional information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.xlfleet.com&amp;esheet=52390819&amp;newsitemid=20210304005624&amp;lan=en-US&amp;anchor=www.xlfleet.com&amp;index=1&amp;md5=edc0f4a15ca8b9fb6af939710f5e27e6\">www.xlfleet.com<\/a>.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nCertain statements in this press release may constitute \u201cforward-looking statements\u201d within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to failure to realize the anticipated benefits from the business combination; the effects of pending and future legislation; the highly competitive nature of the Company\u2019s business and the commercial vehicle electrification market; litigation, complaints, product liability claims and\/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company\u2019s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company\u2019s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company\u2019s business and the timing of expected business milestones; the effects of competition on the Company\u2019s future business; the availability of capital; and the other risks discussed under the heading \u201cRisk Factors\u201d in the definitive proxy statement\/prospectus filed on December 8, 2020 and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005624r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210304005624\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210304005624\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:PR@xlfleet.com\">PR@xlfleet.com<\/a><\/p>\n<p><b>Investor Contact:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:xlfleetIR@icrinc.com\">xlfleetIR@icrinc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Transport Fleet Management Logistics\/Supply Chain Management Transport Automotive<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210304005624\/en\/857137\/3\/XL_Fleet_Logo_2021.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>XL Fleet Responds to Recent Short-Seller Report BOSTON&#8211;(BUSINESS WIRE)&#8211; XL Fleet Corp. (NYSE: XL) (\u201cXL Fleet\u201d or the \u201cCompany\u201d), a leader in vehicle electrification solutions for commercial and municipal fleets, today addressed a March 3, 2021 report targeting XL Fleet written by a short-seller who has a disclosed economic incentive to negatively influence the Company\u2019s stock price. The report contains numerous factual inaccuracies, misleading statements, and flawed conclusions. The Company intends to respond in due course. About XL Fleet Corp. XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 145 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-responds-to-recent-short-seller-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XL Fleet Responds to Recent Short-Seller Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450756","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XL Fleet Responds to Recent Short-Seller Report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-responds-to-recent-short-seller-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XL Fleet Responds to Recent Short-Seller Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"XL Fleet Responds to Recent Short-Seller Report BOSTON&#8211;(BUSINESS WIRE)&#8211; XL Fleet Corp. (NYSE: XL) (\u201cXL Fleet\u201d or the \u201cCompany\u201d), a leader in vehicle electrification solutions for commercial and municipal fleets, today addressed a March 3, 2021 report targeting XL Fleet written by a short-seller who has a disclosed economic incentive to negatively influence the Company\u2019s stock price. The report contains numerous factual inaccuracies, misleading statements, and flawed conclusions. The Company intends to respond in due course. About XL Fleet Corp. XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 145 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. &hellip; Continue reading &quot;XL Fleet Responds to Recent Short-Seller Report&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/xl-fleet-responds-to-recent-short-seller-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T13:54:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005624r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-responds-to-recent-short-seller-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-responds-to-recent-short-seller-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"XL Fleet Responds to Recent Short-Seller Report\",\"datePublished\":\"2021-03-04T13:54:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-responds-to-recent-short-seller-report\\\/\"},\"wordCount\":597,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-responds-to-recent-short-seller-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210304005624r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-responds-to-recent-short-seller-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/xl-fleet-responds-to-recent-short-seller-report\\\/\",\"name\":\"XL Fleet Responds to Recent Short-Seller Report - 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(NYSE: XL) (\u201cXL Fleet\u201d or the \u201cCompany\u201d), a leader in vehicle electrification solutions for commercial and municipal fleets, today addressed a March 3, 2021 report targeting XL Fleet written by a short-seller who has a disclosed economic incentive to negatively influence the Company\u2019s stock price. The report contains numerous factual inaccuracies, misleading statements, and flawed conclusions. The Company intends to respond in due course. About XL Fleet Corp. 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