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XOS News
XOS Events
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.
Xos Enters Agreement to Sell 1,090,910 Shares to Institutional Investors
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.
Xos Announces Q3 Earnings Per Share of 22 Cents, Falling Short of Consensus Estimate of 80 Cents
Reports Q3 revenue $16.5M, consensus $17.33M. "Q3 was another proof point of what this team can do," said Dakota Semler, CEO of Xos. "We followed our strongest quarter ever with another period of disciplined execution, positive free cash flow, and sustained profitability progress. These results reflect the strength of our products, the efficiency of our operations, and the passion of our people. Xos is executing with consistency, building scale with intention, and proving that our model works, not just for today, but for the future we're creating."
Xos and Windrose Collaborate to Provide Charging Solutions for Class 8 Electric Fleets
Windrose is partnering with Xos to bring powerful, scalable charging to fleet operators across the United States and international markets. Windrose's Class 8 electric truck is engineered from the ground up for global deployment across 6 markets: North America, Europe, South America, Oceania, Asia, and the Middle East. With up to 420 miles of loaded range, Windrose is setting a new benchmark in the industry with its lightweight chassis, high-efficiency drivetrain, and exceptional range. Now, through this strategic partnership with Xos, Windrose fleet customers will gain access to the newest generation of the Xos Hub, a mobile charging solution that enables fleets to scale fast without waiting for traditional infrastructure. The latest version of the Xos Hub features a 630 kilowatt-hour onboard battery and integrated DC fast chargers capable of delivering up to 150 kilowatts per port, or 300 kilowatts when operating in series. This ultra-flexible, off-grid solution is enabling true dual-shift operations for the first time. Drivers can return mid-day, recharge their trucks quickly, and get back on the road for a second full shift.
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