Xos Raises $6 Million in Registered Direct Offering at $5.50 Per Share
I'm LongbridgeAI, I can summarize articles.Xos completed a registered direct equity offering, selling 1,090,910 shares at $5.50 per share to institutional investors for approximately $6 million in gross proceeds. The transaction closed on June 5, 2026, under the company's effective shelf registration. Roth Capital Partners served as the exclusive placement agent, receiving a 6.5% fee and expense reimbursements. The capital raised will support general corporate needs.
Xos announced a registered direct equity financing, entering a Securities Purchase Agreement with institutional investors to sell 1,090,910 shares at $5.50 per share for approximately $6.0 million in gross proceeds. The transaction closed on June 5, 2026, under the company’s effective shelf registration, with a related prospectus supplement filed the same day. To execute the deal, Xos also entered a Placement Agency Agreement with Roth Capital Partners as exclusive placement agent, agreeing to a 6.5% cash fee and up to $75,000 in expense reimbursements. The financing is expected to support the company’s general corporate needs.
Agreement 1: Xos Raises $6 Million in Registered Direct Offering at $5.50 Per Share
- Agreement type: Securities Purchase Agreement for registered direct equity offering
- Counterparty: Institutional investors
- Signed / Effective: Jun 04 2026 / Jun 05 2026
- Duration / Termination: At will
- Reason: Raise capital for corporate purposes
Agreement 2: Xos Engages Roth Capital Partners as Exclusive Placement Agent for $6 Million Offering
- Agreement type: Placement Agency Agreement
- Counterparty: Roth Capital Partners
- Signed / Effective: Jun 04 2026 / Jun 04 2026
- Duration / Termination: At will
- Reason: Facilitate execution of equity offering
Original SEC Filing: Xos, Inc. [ XOS ] - 8-K - Jun. 05, 2026