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<blockquote data-quote="Weather Man" data-source="post: 16582198" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3664216-electric-truck-maker-xos-to-go-public-through-a-spac-nextgen-acquisition-at-2b-valuation" target="_blank">Electric truck maker Xos to go public through a SPAC NextGen Acquisition at $2B valuation</a></p><ul> <li data-xf-list-type="ul">Xos, a maker of electric commercial vehicles, to go public through a merger with a SPAC NextGen Acquisition (NASDAQ:<a href="https://seekingalpha.com/symbol/NGAC" target="_blank">NGAC</a>) at $2B valuation -<em><a href="https://www.bloombergquint.com/business/electric-truck-maker-xos-to-go-public-via-2-billion-spac-deal" target="_blank">Bloomberg</a></em>.</li> <li data-xf-list-type="ul">NextGen to raise $220M funding through a private investment in public equity (PIPE) from investors including Janus Henderson Group Plc and a group of truck dealers led by Thompson Truck Centers.</li> <li data-xf-list-type="ul">Deal will provide $575M in gross proceeds, which will be used to be used to build vehicle assembly and battery manufacturing capacity and to continue to work on next-generation battery systems and other technologies.</li> <li data-xf-list-type="ul">NGAC +4% premarket.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16582198, member: 137766"] [URL='https://seekingalpha.com/news/3664216-electric-truck-maker-xos-to-go-public-through-a-spac-nextgen-acquisition-at-2b-valuation']Electric truck maker Xos to go public through a SPAC NextGen Acquisition at $2B valuation[/URL] [LIST] [*]Xos, a maker of electric commercial vehicles, to go public through a merger with a SPAC NextGen Acquisition (NASDAQ:[URL='https://seekingalpha.com/symbol/NGAC']NGAC[/URL]) at $2B valuation -[i][URL='https://www.bloombergquint.com/business/electric-truck-maker-xos-to-go-public-via-2-billion-spac-deal']Bloomberg[/URL][/i]. [*]NextGen to raise $220M funding through a private investment in public equity (PIPE) from investors including Janus Henderson Group Plc and a group of truck dealers led by Thompson Truck Centers. [*]Deal will provide $575M in gross proceeds, which will be used to be used to build vehicle assembly and battery manufacturing capacity and to continue to work on next-generation battery systems and other technologies. [*]NGAC +4% premarket. [/LIST] [/QUOTE]
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