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Xos prices registered direct offering of 1,090,910 shares at $5.5 each

PUBT · 8h ago

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Xos prices registered direct offering of 1,090,910 shares at $5.5 each

Xos priced a registered direct offering of 1,090,910 common shares at USD 5.5 per share.
Gross proceeds expected at about USD 6 million; closing targeted for June 5, 2026.
Net proceeds earmarked for growth plans, including expansion of its Power Hub and energy storage business into data center markets.
Funds also allocated to working capital, general corporate purposes, debt repayment.
Roth Capital Partners acting as exclusive placement agent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xos Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606040805PRIMZONEFULLFEED9731895) on June 04, 2026, and is solely responsible for the information contained therein.

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