DealsJun 5, 2026, 05:11 PM
Xos, Inc. Raises $6.0M in Stock Offering
AI Summary
Xos, Inc. announced the completion of a registered direct offering, raising approximately $6.0 million in gross proceeds before fees and expenses. The company sold 1,090,910 shares of its common stock at $5.50 per share to certain institutional investors. Roth Capital Partners, LLC served as the exclusive placement agent for the offering, receiving a 6.5% fee and reimbursement for expenses.
Key Highlights
- Xos, Inc. raised approximately $6.0 million in gross proceeds from the sale of 1,090,910 shares of common stock.
- The shares were sold at a purchase price of $5.50 per share.
- Roth Capital Partners, LLC acted as the exclusive placement agent for the offering.
- Xos agreed to pay Roth Capital Partners a cash fee of 6.5% of the gross proceeds and reimburse up to $75,000 in expenses.
Price Impact
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