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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...

Editor’s note: In observance of Martin Luther King Jr. Day, the Forward is resurfacing some of our recent coverage related to the Black-Jewish experience and racial justice. This article originally appeared in July, 2020. If you want to come to grips with the way race, injustice and real estate intertwine in America today, a good place to start is on Corning Street, a few hundred feet away from the 10 Freeway on the edge of the Westside of Los Angeles. Corning Street looks and feels like it hasn’t changed since the 1950s. Boxy apartment buildings with names like Desert Sands. Humble Span...