Xos announces $6 million common stock registered direct offering

Registered direct offering of 1,090,910 shares of common stock at $5.50 per share Net proceeds intended to fund the Company's growth plans, including expansion into the data center and industrial power markets LOS ANGELES, June 04, 2026 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leader in electric commercial vehicles and mobile charging solutions, today announced that it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 1,090,910 shares of its common stock at a purchase price of $5.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The offering is expected to result in gross proceeds to the Company of approximately $6.0 million, before deducting offering expenses.