https://wccftech.com/xos-trucks-ngac-and-lion-electric-nga-are-both-set-to-go-public-by-merging-with-a-spac-which-one-is-better/

Xos Trucks, a manufacturer of electric trucks for the commercial sector, is the latest entrant in a long line of EV companies opting to go public by merging with a Special Purpose Acquisition Company (SPAC). However, as the EV sphere grows more crowded, investors are invariably looking to cut through this plethora of choices in order to pick portfolio winners. To this end, we will try to compare the prospects of Xos Trucks with those of Lion Electric – another company that produces similar products.

On Monday, Reuters reported that Xos Trucks was in merger talks with the SPAC NextGen Acquisition Corp. (NASDAQ:NGAC). According to the publication, a Definitive Agreement (DA) to merge may materialize within February 2021. On the other hand, Lion Electric has already signed a merger DA with the SPAC Northern Genesis Acquisition Corp. (NYSE:NGA)), with the close of this transaction expected within Q1 2021.