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LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of XL Fleet Corp. (XL or the Company) (NYSE: XL) on behalf of investors concerning the Companys possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On March 3, 2021, Muddy Waters Research published a report entitled XL Fleet Corp. (NYSE: XL): More SPAC Trash, alleging, among other things, that salespeople were pressured to inflate their sales pipelines materially in order to mislead XLs board and investors and that customer reorder rates are in reality quite low due to poor performance and regulatory issues. Citing interviews with former employees, the report alleged that at least 18 of 33 customers XL featured were inactive. Muddy Waters also claimed that XL has weak technology and that XLs announcement of future class 7-8 upfits seems highly promotional because the task is too technologically complex for XL engineers to deliver on the promised timeline. On this news, the Companys stock price fell $2.09, or 13%, to close at $13.86 per share on March 3, 2021, thereby injuring investors. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased XL securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Answer: The Law Offices of Frank R. Cruz Announces Investigation of XL Fleet Corp. (XL) on Behalf of Investors