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Thompson Truck Centers - New Brand Identity

/PRNewswire/ Thompson Truck Centers, a division of Thompson Machinery, has announced a new brand identity to facilitate its product line transformation that. ....

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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. ....

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

Some of Xos' customers include United Parcel Service, armored car service company Loomis and transportation company Lonestar. Xos CEO Dakota Semler said the Los Angeles-based company has other distribution partnerships that haven’t been announced yet. ....

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