NextGen Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2020 and is based in Boca Raton, Florida.
Trending on StockTwits this morning. Looks like another electric carmaker going public. Electric truck maker Xos to go public through a SPAC NextGen Acquisition at $2B valuation Source: https://seekingalpha.com/news/36642...gh-a-spac-nextgen-acquisition-at-2b-valuation Xos, a maker of electric commercial vehicles, to go public through a merger with a SPAC NextGen Acquisition (NASDAQ:NGAC) at $2B valuation -Bloomberg. NextGen to raise $220M funding through a private investment in public equity (PIPE) from investors including Janus Henderson Group Plc and a group of truck dealers led by Thompson Truck Centers. Deal will provide $575M in gross proceeds, which will be used to be used to build vehicle assembly and battery manufacturing capacity and to continue to work on next-generation battery systems and other technologies. NGAC +4% premarket.
