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Electric chassis maker Xos Trucks agrees to $575M SPAC merger Surging investor interest in electric vehicles sets stage to bring startup public 2,097 3 minutes read Xos Trucks is heading for public trading via a reverse merger that expects the company to have a $2 billion valuation. (Photo: Xos Trucks) Electric truck chassis maker Xos Trucks is going public with blank check backing from a special purpose acquisition company (SPAC). Xos will merge with NextGen Acquisition Corp. at an implied market capitalization of $2 billion. North Hollywood, California-based Xos will get $575 mil...

Churchill Capital IV (NYSE: NGAC Stock Gets Big Book of Business The deal comes as the new administration in Washington is going all-in on EVs. Investors are betting that electric vehicles will benefit from President Joe Biden’s proposed $1.7 billion green energy infrastructure plan, as well as his “Build Back Better” economic policy that focuses on clean energy and manufacturing, providing a boost to U.S. electric vehicle stocks. Biden recently issued an executive order calling for an all-electric federal vehicle fleet. Unlike other EV-SPAC deals, investors in NGAC stock will be hi...

U.S. electric vehicle maker Xos Trucks Inc is in talks to go public through a merger with blank-check acquisition company NextGen Acquisition Corp which could value it around $2 billion, according to people familiar with the matter.

U.S. electric vehicle maker Xos Trucks Inc is in talks to go public through a merger with blank-check acquisition company NextGen Acquisition Corp which could value it around $2 billion, according to people familiar with the matter.

Shares of SPAC NextGen Acquisition Corp. jumped as much as 40% on Monday afternoon after reports of a potential deal with EV truck maker Xos. NextGen Acquisition