The Daily Download: Featuring Xos Trucks NextGen Acquisition Corporation

Yet another EV is going public via a SPAC (Special Purpose Acquisition Company). This is proving to be an ongoing theme in 2021!

The latest news involves Xos Trucks and SPAC, NextGen Acquisition Corporation, valued at $2 billion. The SPAC will raise approximately $220 million with investors such as Janus Henderson Group and a group of truck dealers from Thompson Truck Centers.