Israel’s REE Automotive Completes $3.1 Billion SPAC Merger
REE provides electrical car tech.
REE Automotive, the Israeli firm that develops new tech for electrical automobiles, has accomplished an IPO SPAC merger with 10X Capital Enterprise Acquisition Corp.
The merger was accredited by 10X’s stockholders, and the mixed firm, which is now buying and selling on the Nasdaq underneath the ticker image REE, has a market capitalization of $3.1 billion.
REE raised $288 million in its preliminary public providing.
REE has introduced plans to determine a US headquarters in Austin, Texas, to