|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||9.71 - 10.27|
|52 Week Range||9.45 - 16.66|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW YORK & TEL-AVIV, Israel, July 22, 2021--REE Automotive Ltd. ("REE"), a leader in e-Mobility, today announced the completion of its merger with 10X Capital Venture Acquisition Corp ("10X", Nasdaq: VCVC). The business combination was approved at a special meeting of 10X’s stockholders on July 21, 2021 and closed today, July 22, 2021.
REE Automotive, which received shareholder approval for a reverse merger with special acquisition company 10X Capital Venture Acquisition Corp on Thursday, plans to launch production of an electric delivery van and a people mover in 2023, the company's top executive said. Chief Executive Daniel Barel said the company does not have a specific number of orders - a number of electric van startups have announced large orders - but said REE's strength lies in its partnerships. The company is scheduled to begin trading under the "REE" symbol on Friday.
TEL-AVIV, Israel & HOUSTON, July 13, 2021--REE Automotive (REE), a leader in e-Mobility, which is in the process of closing its merger with 10X Capital Venture Acquisition Corp. (NASDAQ: VCVC), today announced a strategic collaboration with EAVX, a wholly owned business unit of JB Poindexter & Co (JBPCO). The JB Poindexter business enterprise includes commercial work truck bodies and accessory industry leaders Morgan Olson, Morgan Corporation, Reading, Truck Accessories Group, and Masterack. REE