# 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.

- Type: Acquisition
- Announced: 2021-02-03
- Where: New York, United States
- Value: $500.0M
- Status: announced
- Products: electric vehicle platforms, REECorner technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [REE Automotive](https://endata.com/companies/24365.md) (target)
- [10X Capital Venture Acquisition Corp](https://endata.com/companies/53001.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1821595/000121390021006324/ea134517ex99-2_10xcapital.htm), 2021-02-03: "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'."
- [businesswire.com](https://www.businesswire.com/news/home/20210203005257/en/REE-Automotive-to-List-on-NASDAQ-Through-Merger-with-10X-Capital-Venture-Acquisition-Corp), 2021-02-03: "REE Automotive has entered into a merger agreement with 10X Capital Venture Acquisition Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.