Xos, Inc. has completed a registered direct offering of 1,090,910 shares of its common stock to institutional investors at a purchase price of $5.50 per share. The offering, which closed on June 5, 2026, generated aggregate gross proceeds of approximately $6.0 million before fees and expenses.
Key Details
- Offering: Sale of 1,090,910 shares of common stock at a price of $5.50 per share.
- Gross Proceeds: Approximately $6.0 million, before deducting placement agent fees and other expenses.
- Placement Agent: Roth Capital Partners, LLC acted as the exclusive placement agent, receiving a 6.5% cash fee of the gross proceeds and expense reimbursement up to $75,000.
- Timeline: The Securities Purchase Agreement was entered into on June 4, 2026, and the sale was completed on June 5, 2026.