Deal Snapshot
Commercial Electric Vehicle OEM Xos to Merge with SPAC
Tuesday 23 February 2021

US-based electric Class 5 to Class 8 commercial vehicle maker Xos, Inc and special purpose acquisition company NextGen Acquisition Corp. (NASDAQ: NGAC) have entered into a definitive business combination agreement that will result in Xos becoming a publicly listed company, the companies said.

The combined company is expected to be traded on The NASDAQ Stock Market under "XOS."
Xos developed its vehicles to meet the demands and extended life cycles of last-mile, on-highway and vocational vehicles.

Date Published: 23/02/2021