Xos Inc (NASDAQ:XOS) stock drops sharply on Thursday after announcing a $6 million registered direct offering to fund expansion into AI data centers.

Xos Inc. shares surged 221% after hours after launching its 2.5MWh Power Hub energy storage systems, boosting investor sentiment.

Xos Inc (NASDAQ:XOS) stock drops sharply on Thursday after announcing a $6 million registered direct offering to fund expansion into AI data centers.