Xos Secures $6M via 1.09M-Share Offering to Fuel Power Hub Growth

1. Offering Structure and Proceeds

Xos entered into a securities purchase agreement with institutional investors for the sale of 1,090,910 common shares at $5.50 per share, resulting in gross proceeds of approximately $6.0 million before expenses.

2. Allocation of Net Proceeds

Net proceeds will fund expansion of the Power Hub mobile and stationary energy storage systems into grid-independent power markets serving AI data centers and industrial facilities, with remaining funds for working capital, general corporate purposes, and debt repayment.

3. Transaction Terms and Closing

Roth Capital Partners is acting as exclusive placement agent for the offering, which is expected to close on or about June 5, 2026, subject to customary closing conditions under Xos’s effective S-3 shelf registration.

1. Offering Structure and Proceeds

2. Allocation of Net Proceeds

3. Transaction Terms and Closing

Related News

Broadcom Stock Drops Over 10% After $16B AI Chip Forecast Miss

Strategy Sells 32 Bitcoin for $2.5M, Shares Slip 1.5% Premarket

GCM Grosvenor’s Infrastructure Strategy Delivers $42.3B Impact, 47.4M Union Hours

Sources

Xos announces $6 million common stock registered direct offering

Onfolio Launches SharePulse Analytics and Parlance Service Using 5,000+ Company Dataset

Aya Gold & Silver Cuts Freshwater Use to 0.2 m³/Tonne and Lowers GHG Intensity to 22.06