XOS News & Events

Xos files $100M mixed securities shelf

Xos announced that it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 1,090,910 shares of its common stock at a purchase price of $5.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to result in gross proceeds to the company of approximately $6M, before deducting offering expenses. The offering is expected to close on or about June 5. Roth Capital Partners is acting as the exclusive placement agent for the offering.

Xos announced that it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 1,090,910 shares of its common stock at a purchase price of $5.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to result in gross proceeds to the company of approximately $6M, before deducting offering expenses. Xos intends to use the net proceeds from the offering to fund its growth plans, including the continued expansion of its Power Hub and energy storage business into the grid-independent power markets serving AI data centers, industrial facilities, and other mission-critical power users, as well as for working capital, general corporate purposes and repayment of debt. Roth Capital Partners is acting as the exclusive placement agent for the offering. The offering is expected to close on or about June 5, subject to the satisfaction of customary closing conditions.