BRIEF-Xos To Go Public Through Merger With Nextgen Acquisition Corp

Reuters

Feb 22, 2021

Feb 22 (Reuters) - Nextgen Acquisition Corp :

* XOS, A LEADING COMMERCIAL ELECTRIC VEHICLE OEM, TO BECOME PUBLICLY TRADED ON NASDAQ THROUGH MERGER WITH NEXTGEN ACQUISITION CORPORATION

* NEXTGEN ACQUISITION CORP - COMBINED COMPANY HAS AN IMPLIED PRO FORMA MARKET CAPITALIZATION OF $2.0 BILLION

* NEXTGEN ACQUISITION CORP - TRANSACTION INCLUDES A $220 MILLION OVERSUBSCRIBED AND FULLY COMMITTED COMMON STOCK PIPE

* NEXTGEN ACQUISITION CORP - COMBINED COMPANY WILL BE LISTED ON NASDAQ STOCK MARKET UNDER SYMBOL "XOS"

* NEXTGEN ACQUISITION CORP - XOS CEO DAKOTA SEMLER, COO GIORDANO SORDONI, AND NEXTGEN CO-FOUNDER GEORGE MATTSON WILL JOIN A NEWLY FORMED BOARD

* NEXTGEN ACQUISITION CORP - PIPE ANCHORED BY JANUS HENDERSON INVESTORS, AS WELL AS A CONSORTIUM OF TRUCK DEALERS LED BY THOMPSON TRUCK CENTERS

* NEXTGEN ACQUISITION CORP - XOS HAS MORE THAN 6,000-UNIT BACKLOG OF CONTRACTED AND OPTIONAL ORDERS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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