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 (NGAC) which could value it around $2 billion, according to people familiar with the matter.
Update(s):
February 22, 2021: Xos, a maker of electric commercial vehicles, has agreed to go public through a merger with a blank-check company, NextGen Acquisition Corp. (NGAC) , according to a statement viewed by Bloomberg News. The deal values the combined equity at $2 billion, the companies added.