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Worst may be over for share investors seeking income

COVID-19 has been devastating for some of the companies whose share registers are packed with small investors but the latest earnings season indicates better times ahead.

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(NGAC), (HINOY) - Electric Truck Maker Xos Going Public Via SPAC: What Investors Need To Know

Share: NextGen Acquisition Corp. (NASDAQ: NGAC). The deal values the combined company at a $2-billion pro forma equity value, at a price of $10 per NextGen share. The transaction will provide $575 million of gross proceeds for Xos, including a $220-million oversubscribed and fully committed common stock PIPE at $10 per share anchored by Janus Henderson Investors and a consortium of truck dealers led by Thompson Truck Centers. Shares will trade as XOS on the Nasdaq if the merger is approved. About Xos: Founded in 2016, the company designs and develops fully electric battery mobility systems for commercial fleets, focusing primarily on medium- and heavy-duty commercial vehicles that travel on last-mile routes.

George mattsonThompson truck centersXos incDickinson fleet servicesNextgen acquisition corpLos angeles basedGen acquisitionJanus henderson investorsThompson truckHino trucksDickinson fleetFinancial potentialஜார்ஜ் மேட்சன்தாம்சன் டிரக் மையங்கள்டிக்கின்சன் கடற்படை சேவைகள்அடுத்த தலைமுறை கையகப்படுத்தல் கார்ப்

Electric truck maker Xos to go public via $2 billion SPAC merger

By Reuters Staff 2 Min Read (Reuters) - Xos Inc, an electric commercial vehicle maker, on Monday agreed to go public through a merger with blank-check firm NextGen Acquisition Corp, in a deal valuing the combined entity at $2 billion. The deal will provide Xos with $575 million in gross proceeds, including a $220 million private investment led by Janus Henderson Investors and a consortium of truck dealers led by Thompson Truck Centers. Reuters reported earlier this month that Xos was nearing a deal to go public with NextGen. Xos would be the latest company developing an electric truck to go public through a merger with a SPAC, following the likes of Nikola Corp and Lion Electric Co.

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US Dividends Climb 2 6% to Record High $503 1 Billion in 2020

US Dividends Climb 2 6% to Record High $503 1 Billion in 2020
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Main Line-based former Warp Speed chief rolls up 10 gene therapy start-ups into one ambitious firm

Main Line-based former Warp Speed chief rolls up 10 gene therapy start-ups into one ambitious firm
inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.

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