$NGAC News $NGAC (Bloomberg) Xos, a maker of electric commercial vehicles, has agreed to go public through a merger with a blank-check company, NextGen Acquisition Corp., according to a statement viewed by Bloomberg News. The deal values the combined equity at $2 billion. $NGAC - Deal to go public is finalized. Deal valued at $2 billion. Dakota Semler, Xos’ co-founder and chief executive officer, said in an interview that the Los Angeles-based company has other distribution partnerships that haven’t been announced yet.