News & Events zu Xos Inc (XOS)XOSXos Inc

Xos Hub Surpasses 1 GWh of Cumulative Energy Delivered

Xos announced that a single Xos Hub has surpassed one gigawatt-hour of cumulative energy delivered. The company said, "The milestone provides multi-year field evidence of the Hub's durability under continuous, real-world use, the same product strength that is helping Xos grow its energy storage business across new versions and markets. Over the past year, the Company has expanded the Hub to higher capacity, launched the megawatt-scale Power Hub, deepened its utility deployments, and entered the defense market, and durability proven in the field is what makes that expansion credible. Across the deployed fleet, the Hub has operated in a wide range of climates and applications, from Northeast winters to Arizona summers, charging trucks, cars, buses, and autonomous vehicles for uses that span fleet operations and disaster response. The Xos Hub is a mobile, grid-independent system, and a result like this measures what a specification sheet cannot: how the unit holds up delivering energy over years of continuous use, the pairing of sustained output and battery health that determines how a storage asset performs and what it costs to run over its service life."

Xos Files $100M Mixed Securities Shelf

Xos files $100M mixed securities shelf

Xos Enters Securities Purchase Agreement for 1,090,910 Shares

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.