NextGen Acquisition Corp. (NGAC) Reportedly in Deal Talks with EV-Maker Xos

RUMORS

NextGen Acquisition Corp. (NGAC) Reportedly in Deal Talks with EV-Maker Xos

NextGen Acquisition Corp. (NASDAQ:NGAC) could be the next SPAC to combine with a electric vehicle (EV) maker as it is currently working to arrange a PIPE to finance a merger with Xos Trucks, according to Reuters. The deal could value Xos at around $2 billion with an announcement potentially coming this month, according to the report.
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