Mobile charging station part of larger energy
solutions offering of charging infrastructure and services to help
fleets more easily electrify
Xos, Inc., a leading manufacturer of fully electric Class 5 to
Class 8 commercial vehicles that has announced a planned business
combination with NextGen Acquisition Corporation (NASDAQ: NGAC,
“NextGen”), today unveiled Xos Hub™ (“Xos Hub”), a mobile charging
station to help its fleet customers access charging infrastructure
at their fleet yard without having to wait for traditional
infrastructure installation. Xos Hub is part of the larger service
offering of Xos Energy Solutions, a new business unit within Xos.
Xos Energy Solutions provides comprehensive infrastructure services
to small and large fleets to accelerate large-scale deployments of
commercial electric vehicles. The services include Xos Hub, the
mobile charging station, and Xos Serve, an on-demand
infrastructure-as-a-service platform that includes site
evaluations, energy storage development and installation and energy
management services.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210812005252/en/
Xos Hub, Mobile Charging Station (Photo:
Business Wire)
Xos Hub operates as a mobile, rapidly deployable energy storage
and charging system, providing fleets with flexible charging
options with no fixed infrastructure improvements required. Xos Hub
is able to charge up to five vehicles at a time and fit in the
space of about two parking spots. A solar array on the roof of Xos
Hub powers the cloud-enabled control and safety systems. Xos Serve
enables fleets to deploy sizable electric vehicle fleets without
the need to manage the complexity involved with such large-scale
infrastructure deployments. The Xos Hub is currently available for
lease as a standalone offering or within Xos’ Fleet-as-a-Service
offering.
“We are excited to roll out our charging infrastructure and
products in order to continue fulfilling the needs of our fleet
customers,” said Xos, Inc. CEO and Co-Founder Dakota Semler.
“Everything from individual state regulations, to commitments by
large fleet operators to convert to zero-emission electric
vehicles, to President Biden’s infrastructure plan, is pointing to
electric vehicles as our future, and it’s vital that we help our
fleet customers move in that direction with sustainable, efficient
charging infrastructure, and give our partners the ability to
electrify their fleets now without having to wait for traditional
fixed charging infrastructure.”
NextGen will hold its extraordinary general meeting of
shareholders to approve, among other things, the proposed business
combination with Xos on August 18, 2021. To learn more, visit
www.xostrucks.com/energy.
About Xos, Inc.
Xos, Inc. is an electric mobility company dedicated to
decarbonizing commercial trucking fleets. Xos designs and
manufactures cost-competitive, fully electric commercial vehicles.
The company’s primary focus is on medium- and heavy-duty commercial
vehicles that travel on last mile, back-to-base routes of less than
200 miles per day. The company leverages its proprietary
technologies to provide commercial fleets with zero-emission
vehicles that are easier to maintain and more cost-efficient on a
total cost of ownership (TCO) basis than their internal combustion
engine and commercial EV counterparts. For more information, please
visit www.xostrucks.com.
About NextGen
NextGen Acquisition Corporation is a blank check company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. NextGen is led by
George Mattson, a former Partner at Goldman, Sachs & Co., and
Gregory Summe, former Chairman and CEO of Perkin Elmer and Vice
Chairman of the Carlyle Group. NextGen is listed on NASDAQ under
the ticker symbol "NGAC." For more information, please visit
www.nextgenacq.com.
IMPORTANT LEGAL INFORMATION
Additional Information and Where to Find It
This document relates to a proposed transaction between Xos,
Inc. (“Xos”) and NextGen Acquisition Corporation (“NextGen”). This
document is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the potential transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy any securities,
nor shall there be any sale of securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. In connection with
the proposed transaction, NextGen filed a registration statement on
Form S-4 with the SEC on May 14, 2021, as amended on June 25, 2021,
July 22, 2021, July 28, 2021 and July 29, 2021, which was declared
effective by the SEC on July 30, 2021 and includes a document that
serves as a prospectus and proxy statement of NextGen (the “proxy
statement/prospectus”). A definitive proxy statement/prospectus has
been mailed to all of NextGen’s shareholders of record as of July
2, 2021, the record date established for the extraordinary general
meeting of shareholders relating to the proposed transaction.
NextGen also files other documents regarding the proposed
transaction with the SEC. Before making any voting decision,
investors and security holders of NextGen are urged to read the
registration statement, the proxy statement/prospectus included
therein and all other relevant documents filed or that will be
filed with the SEC in connection with the proposed transaction as
they become available because they will contain important
information about the proposed transaction.
Investors and security holders may obtain free copies of the
registration statement, the proxy statement/prospectus included
therein and all other relevant documents filed or that will be
filed with the SEC by NextGen through the website maintained by the
SEC at www.sec.gov.
The documents filed by NextGen with the SEC also may be obtained
free of charge at NextGen’s website at
https://www.nextgenacq.com/investor-info.html#filings or upon
written request to 2255 Glades Road, Suite 324A, Boca Raton,
Florida 33431.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed transaction between Xos and NextGen, including
statements regarding the anticipated timing of the transaction and
the products, customers and markets of Xos. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of NextGen’s securities, (ii) the risk that the transaction may not
be completed by NextGen’s business combination deadline and the
potential failure to obtain an extension of the business
combination deadline if sought by NextGen, (iii) the failure to
satisfy the conditions to the consummation of the transaction,
including the adoption of the Merger Agreement by the shareholders
of NextGen, the availability of the minimum amount of cash
available in the trust account in which substantially all of the
proceeds of NextGen's initial public offering and private
placements of its warrants have been deposited following
redemptions by NextGen’s public shareholders and the receipt of
certain governmental and regulatory approvals, (iv) the lack of a
third party valuation in determining whether or not to pursue the
proposed transaction, (v) the inability to complete the PIPE
investment in connection with the transaction, (vi) the occurrence
of any event, change or other circumstance that could give rise to
the termination of the Merger Agreement, (vii) the effect of the
announcement or pendency of the transaction on Xos’s business
relationships, operating results, and business generally, (viii)
risks that the proposed transaction disrupts current plans and
operations of Xos and potential difficulties in Xos employee
retention as a result of the transaction, (ix) the outcome of any
legal proceedings that may be instituted against Xos or against
NextGen related to the Merger Agreement or the proposed
transaction, (x) the ability to maintain the listing of NextGen’s
securities on a national securities exchange, (xi) the price of
NextGen’s securities may be volatile due to a variety of factors,
including changes in the 7 competitive and regulated industries in
which NextGen plans to operate or Xos operates, variations in
operating performance across competitors, changes in laws and
regulations affecting NextGen’s or Xos’s business, Xos’s inability
to implement its business plan or meet or exceed its financial
projections and changes in the combined capital structure, (xii)
the ability to implement business plans, forecasts, and other
expectations after the completion of the proposed transaction, and
identify and realize additional opportunities, and (xiii) the risk
of downturns and a changing regulatory landscape in the highly
competitive electric vehicle industry. The foregoing list of
factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of NextGen’s registration statement
on Form S-1 (File No. 333-248921), the registration statement on
Form S-4 discussed above, the proxy statement/prospectus and other
documents filed or that may be filed by NextGen from time to time
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward looking statements, and Xos and NextGen assume no
obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither Xos nor NextGen gives any
assurance that either Xos or NextGen, or the combined company, will
achieve its expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210812005252/en/
Xos Investor Relations investors@xostrucks.com
Xos Media Relations press@xostrucks.com
NextGen info@nextgenacq.com
NextGen Acquisition (NASDAQ:NGAC)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
NextGen Acquisition (NASDAQ:NGAC)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
