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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.
Dickinson Fleet Services Acquires Diesel Minnesota
Leading Mobile Maintenance Provider Expands Reach in the Dynamic Minneapolis Market
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INDIANAPOLIS and ST. PAUL, Minn., Feb. 16, 2021 /PRNewswire/ Dickinson Fleet Services (Dickinson or DFS) announces the acquisition of Diesel Minnesota (DMI) of St. Paul, Minn., serving to expand the geographic reach of DFS. This investment bolsters the geographic reach of Dickinson s nationwide fleet services, including shop service, scheduled on-site maintenance and emergency mobile service. Under DFS leadership, DMI will expand its maintenance services in the greater Minneapolis market and the state of Minnesota. This new acquisition will allow Dickinson to better service its customers and will provide an enhanced service experience to the long-standing customers of DMI through even greater flexibility and extended maintenance capabilities across the country.
The vHub Collaborative Trailer Marketplace Hires Industry and Technology Experts
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Matthew Leffler joins the vHub collaborative trailer marketplace as its Vice President of Trailer Solutions and Maxime Fafard will serve as Vice President of Technology
Matthew Leffler joins the vHub collaborative trailer marketplace as vice president of trailer solutions.
My mission now is to scale the feature set and help ensure that vHub plays an important role in the technological revolution in the trucking industry MONTREAL (PRWEB) February 02, 2021 vHub, a collaborative trailer repositioning and sharing marketplace, today announced that two new executives with industry and technology experience have joined the company. Matthew Leffler, who most recently served as Director of Business Development for Decisiv and Region Vice President of Sales for Dickinson Fleet Services, joins vHub as its Vice President of Trail
Cox Automotive Acquires Dickinson Fleet Services
Acquisition of the leading mobile fleet repair and maintenance provider expands the capabilities and geographic reach of Cox Automotive Mobility s Pivet fleet optimization and services marketplace.
Dickinson s expert mobile repair services will be a cornerstone of Pivet s future growth trajectory.
Learnings from operating the Dickinson Fleet Services business will be applied to help Cox Automotive partners and clients learn, grow and execute in the mobile fleet services space.
Atlanta, GA and Indianapolis, IN /PRNewswire/ - Cox Automotive today announced the acquisition of Dickinson Fleet Services, the leading mobile maintenance provider for medium and heavy-duty trucks and trailers in North America. This investment significantly bolsters the capabilities and geographic reach of Cox Automotive Mobility s nationwide Pivet fleet services marketplace. Dickinson s breadth of preventative maintenance and mobile emergency repair service
Dickinson Buys Medium Duty Xos Trucks autoconnectedcar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoconnectedcar.com Daily Mail and Mail on Sunday newspapers.