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REE Automotive (REE) RSS Feed

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https://ree.auto/
https://www.10xspac.com/
 

Capital Venture Acquisition Corp is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. The company is led by CEO and Chairman Hans Thomas, founder and CEO of venture firm 10X Capital, and COO and Director David Weisburd, General Partner and co-head of venture capital at 10X Capital. 

 

10X Capital Venture Acquisition Corp filed a registration statement with the SEC on September 25th, 2020. More information can be obtained by visiting the links below. 

 

NASDAQ Listed: VCVC.U (units of shares and warrants), VCVC.W (warrants), VCVC (shares)

 

Press Releases

 

 

 

December 28th, 2020

 

Trading of Common Stock and Warrants

 

 

November 27th, 2020

 

Closing and Over Allotment Announcement

 

 

November 24th, 2020

 

Pricing Announcement


https://investors.ree.auto/
 
 

Link for Warrants
https://www.stockmarketmba.com/listofwarrants.php

INVESTORS

About REE Automotive

REE is an automotive technology leader set to become the cornerstone for tomorrow’s zero-emission electric and autonomous vehicles. 

 REE’s revolutionary, award-winning REEcorner technology integrates critical vehicle components (steering, braking, suspension, powertrain and control) into the arch of the wheel, enabling a fully-flat skateboard chassis with more room for passengers, cargo and batteries. With REE’s technology, OEMs and global mobility companies have complete design freedom and a blank canvas on which to build any size or shape of electric or autonomous car, van or truck – from class 1 to 6 – for any application and any target market. 

Founded in 2013, REE is a truly horizontal player whose REEcorner and EV platform technology supports the widest range of target markets, applications and business models. Target markets include OEMs, delivery fleets, Mobility-as-a-Service providers and new mobility players. Fully scalable and completely modular, the REEcorner and EV platform technology offer multiple customer benefits including complete vehicle design freedom, more  volume with smallest footprint, lower TCO, faster development time, ADAS compatibility, reduced maintenance costs and global safety standards compliance.

Headquartered in Tel Aviv, Israel, with subsidiaries in the U.S, UK and Germany, REE has an extensive network of Tier-1 partners providing access to global production lines. REE is REE-imagining what
e-mobility solutions can do for the economy, society and the environment.

REE’s technology coupled with its unique value proposition position it to break new ground in
e-mobility.

Investments highlights

  • Headquartered in Tel Aviv, Israel, with subsidiaries in the U.S, UK and Germany
    Extensive IP portfolio across design, component engineering & software
    Scalable, modular architecture supports mission-specific EVs
    Unique value proposition for OEMs – REEcorner integration into OEM platforms ensures fast, cost-efficient entry to EV markets
    Unique value proposition for Service Providers (e.g. MaaS & Logistics) – REEcorner integration enables designing EVs tailored to exact needs and specifications
    REE is a horizontal player set to capture largest total addressable market share
    Major growth projected in each of REE’s target opportunities
    Extensive network of Tier-1 partners providing access to global production lines
    Cemented partnerships with OEMs

“We strive to be the cornerstone on top of which mobility players can build their dreams of future services, unbound by legacy thinking, as we carry the next generation of electric and autonomous vehicles on a truly modular and scalable platform.”

Daniel Barel, REE Co-Founder & CEO

REE's EV Platforms on the Track

 
 
 





REE Automotive to List on NASDAQ Through Merger with 10X Capital Venture Acquisition Corp

REE Automotive (“REE”), a leader in e-Mobility,
has entered into a merger agreement with 10X Capital Venture Acquisition Corp (NASDAQ: VCVC) (“10X SPAC”);

the newly combined company will be listed on the NASDAQ under the new ticker symbol “REE”.

REE’s fully-flat and modular EV platforms are based on proprietary REEcorner technology,
positioned to become the cornerstone of next-generation e-Mobility.

REE is producing highly modular, mission-specific EV platforms with
a low total cost of ownership (“TCO”) with fully autonomous-ready independent drive-by-wire,
brake-by-wire and steer-by-wire technology for each wheel.

The transaction is expected to provide more than $500 million of gross proceeds to the Company.

This includes funds from a fully committed $300 million PIPE with participation from long-term strategic investors including Koch Strategic Platforms,
Mahindra & Mahindra and Magna International.

As a result of outsized demand, the PIPE offering was meaningfully oversubscribed and upsized.

Pro forma equity value of the merger is approximately $3.6 billion
and pro forma enterprise value of $3.1 billion,
at the $10.00 per share PIPE price and assuming minimal 10X SPAC shareholder redemptions.

REE is a unique, horizontally integrated e-Mobility player targeting a $700 billion total addressable market,
encompassing EVs ranging in size from Class 1 through Class 6,
for commercial and Mobility-as-a-Service (“MaaS”) applications.

REE has an orderbook comprised of signed indications of interest for over 250,000 platforms,
representing 27% of their total cumulative expected revenue of $19.1 billion by 2026.

REE developed a global CapEx-light manufacturing model,
leveraging low-cost integration centers to reduce the total cost and capital expenditure of manufacturing.

The transaction will accelerate mass production of REEcorner
technology and modular EV platforms, expected to begin in 2023.

Investor webcast and call is scheduled for Wednesday, February 3, at 8:00 AM EST.

https://www.businesswire.com/news/home/20210203005257/en/REE-Automotive-to-List-on-NASDAQ-Through-Merger-with-10X-Capital-Venture-Acquisition-Corp


REE on track 0-4 screenshot
 
 

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02-07-2021
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