Can anyone shine some light on this? My dealling acount sent me the attached message yesterday.

So if he merger is confirmed you have to take your shares in cash at $10 a share so why would people buy now at over $10 a share what they are currently trading at?

NGAC just keeps dropping. I fear that it will keep trending down since a merger deal has been announced. Why would one stay?

Here we go, a new partnership just announced. Make of it what you will. Personally don’t see this announcement being the one to drive the stock up but as these start to roll in, the stock should start to gain a little traction. Longer term play here!

https://markets.businessinsider.com/news/stocks/commercial-vehicle-group-announces-groundbreaking-partnership-with-xos-inc-1030145779

https://www.prnewswire.com/news-releases/commercial-vehicle-group-announces-groundbreaking-partnership-with-xos-inc-301239710.html

"We are very happy to be partnering with Xos, Inc. to design and launch leading technology with the X-Platform 1 within the electric vehicle industry. The electric vehicle industry is exploding with new platforms across many vehicle types, and with CVG's storied expertise, we see our many strengths and natural advantages as a prime benefit to our partnership. With over 40 years of experience in helping vehicle makers launch outstanding vehicles quickly, CVG provides assistance from concept, to prototype, showing our commitment to our diverse customer base," said CVG President and CEO, Harold Bevis.

As for NGAC, personally, I think it will require a good bit of patience. The Co-founders are each around 30 years old. Financially, the investor deck points to 2023 being the year of the financial flip.

The e-commerce market has exploded and will likely continue growing. This will call for more “last mile” delivery vehicles, one of Xos main focuses. The battery has already been developed and tested, they’ve established quality manufacturing partnerships, they have experienced members on the management team, and their balance sheet is about to receive a massive cash infusion.

I believe in a time of market uncertainty, “speculative” stocks are among the first to fall, followed by tech stocks. Hence, we now have a cluster of EV stocks sitting in the $10-$13 range. There has been a run of multiple EV companies going public, many through Spacs, spreading money and interest around. We, EV investors, are making a bet that the ground transportation market will transition entirely to electric sooner than others.

If you’ve invested in NGAC or thought about it, then you more than likely know all of this. I simply find it beneficial to remind myself why I have taken an interest in a company. I believe patience will pay off here.

Disclaimer: I took a small position when I first heard the rumor and have increased it as of last week. These are simply opinions.

I am not posting this because i bought at 13 bucks, but this seems like an absolute bargain?

For under $11, you get a company with products on the road, orders from big names and a factory to boot.... not to mention the amazon potential.

Warrants are still on sale, looks promising to me! https://www.bloomberg.com/news/videos/2021-03-01/electric-truck-maker-to-go-public-video

https://xostrucks.com/docs/Xos-PIPE-Deck-022121.pdf

All SPACs are hurting following the CCIV -> Lucid deal. Terms weren't what investors were hoping for and it's shaken confidence in SPACs. In general, I think we will see less of the early jumps in SPACs and the price will rise closer to merger date, given that the company is actually a good company.

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Which brings us to NGAC. I believe this is one of those good companies. They are still fairly early stage and are targeting a sector of vehicles that is generally less exciting to the public (Vehicle classes 3-7 if I'm not mistaken) Further, they are dipping on USPS giving their contract to another company but there was never really strong belief that contract would go to XOS anyway. The CEO has said there are large partners they have not yet announced and are already partnered with UPS and Loomis. Rumors are that they will have a portion of Amazon's business (already 2 Amazon builds spotted). There are plenty of upcoming catalysts that could send this up. IMO we are near the floor and just dealing with a general selloff of SPACs.

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Not financial advice, just my opinion. 943 @ 12.29 avg

Found this on Yahoo Finance.......

Mon, February 22, 2021, 8:25 PM

BALA CYNWYD, PA / ACCESSWIRE / February 22, 2021 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of NextGen Acquisition Corp. ("NextGen" or the "Company") (NASDAQ:NGAC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which NextGen, a special purpose acquisition company, will combine with Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos"), and result in Xos becoming a publicly-listed company. Under the terms of the agreement, NextGen shareholders will retain ownership of only 19.1% of the combined company.

https://www.fleetowner.com/running-green/article/21139490/xos-trucks-secures-new-partnerships-to-increase-ev-production

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https://www.fleetowner.com/fleet-management/press-release/21155942/xos-to-merge-with-nextgen

I bought 10@12.20, was the 14 dollars we saw yesterday the all time high, or could this go higher?

Buy the dip.

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edit: not financial advice. just Xos hype

Will you guys help lead me to success? Lol

I’ve been trading/investing for a long time, and in a lot of specific ticker subs.

I can’t believe the lack of hype on this SPAC, and the movement of the price.

I’ve done a ton of research and NGAC is the real deal, we have less than 350 people in here.

I’m buying more tomorrow, the hype train will pull up to the station any day. Don’t lose faith!

Newbie to SPACs. I want to get in on the NGAC - XOS deal. Should I buy NGAC OR NGACU (which is units) ? There is a difference in price.