NextGen Acquisition Corp.

Xos, Inc. is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.

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The EV company agrees to merge with SPAC NextGen Acquisition.

Electric Delivery Van Maker Xos to Go Public

As a result, Xos will receive $575 million in proceeds, including a $220 million investment from a group led by Janus Henderson Investors and Thompson Truck Centers, which encompasses several commercial truck dealers.

XOS Going Public In $2 Billion SPAC Deal With NextGen

A $2 billion tie-up with electric truck maker Xos has NGAC stock driving higher in Monday's premarket. SPAC name NextGen Acquisition announced the deal that's been rumored for more than a month.

NGAC Stock: What to Know About NextGen Acquisition and the Xos SPAC Merger

LOS ANGELES & BOCA RATON, Fla.--(BUSINESS WIRE)--Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos" or the "Company") and NextGen Acquisition Corp. (Nasdaq: NGAC) ("NextGen"), a publicly traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that will result in Xos becoming a publicly listed company. The combined company is expected to be traded on The Nasdaq Stock Market

Xos, a Leading Commercial Electric Vehicle OEM, to Become Publicly Traded on Nasdaq Through Merger with NextGen Acquisition Corporation

Xos is in talks to go public through a merger with NextGen Acquisition, potentially joining an increasingly crowded field. The post This Electric Truck Maker May Go Public As Delivery Market Heats Up appeared first on Investor's Business Daily.

This Electric Truck Maker May Go Public As Delivery Market Heats Up

Electric chassis maker Xos Trucks Inc. is in talks to go public through a merger with a special purpose acquisition company (SPAC) that could lead to a valuation of $2 billion, Reuters reported Monday. North Hollywood, California-based Xos makes a customizable chassis with the wiring, battery mounting and axle-mounting systems for medium- and heavy-duty electric trucks.

Xos Trucks may be next to go public via SPAC: Reuters

SPAC NextGen Acquisition Corp. jumped as much as 40% on Monday before paring gains after a Reuters report suggested the company is in talks to take the EV truck-maker Xos Trucks public. According to Reuters sources, the special purpose acquisition company is in discussions with investors about raising financing for the deal and an agreement could be announced as earlier as this month.

SPAC NextGen Acquisition jumps 40% after report of deal to take EV truck maker Xos public (NGAC)

NextGen Acquisition (NGAC) stock is flying high on Monday following rumors that the SPAC is planning to take Xos Trucks public via a merger. The post NGAC Stock: 13 Things to Know About NextGen Acquisition and a Potential Xos Trucks SPAC Merger appeared first on InvestorPlace.

NGAC Stock: 13 Things to Know About NextGen Acquisition and a Potential Xos Trucks SPAC Merger

News for NextGen Acquisition Corp. Stock (NGAC)