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Xos, A Leading Commercial Electric Vehicle OEM, To Become Publicly Traded On Nasdaq Through Merger With NextGen Acquisition Corporation
Private Equity Grantchester Mobility & Energy Specialty Fund Views: 1

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Xos, a leading original equipment manufacturer (OEM) in the $100 billion medium- and heavy-duty last-mile commercial electric vehicle market, is merging with NextGenAcquisition Corp. (Nasdaq: NGAC).The combined company has an implied pro forma market capitalization of $2.0 billion. The transaction includes a $220 million oversubscribed and fully committed common stock PIPE anchored by Janus Henderson Investors, as well as a consortium of truck dealers led by

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