REE Automotive to merge with 10X Capital SPAC and list on Nasdaq

REE Automotive entered into a merger agreement with 10X Capital Venture Acquisition Corp to list on Nasdaq under ticker 'REE'. The transaction is expected to provide over $500 million in gross proceeds, including a $300 million PIPE from strategic investors.

“REE Automotive has entered into a merger agreement with 10X Capital Venture Acquisition Corp; the newly combined company will be listed on the NASDAQ under the new ticker symbol 'REE'.”sec.gov

• 2 sources
• sec.govFeb 3, 2021
• businesswire.comREE Automotive to List on NASDAQ Through Merger with 10X Capital Venture Acquisition CorpREE Inc.Feb 3, 2021

Summarized from public sources; check the original articles before acting on it.