REE Announces Closing of Public Offering of Ordinary Shares [Yahoo! Finance]
REE Automotive Ltd. - Class A Ordinary Shares (REE)
Company Research
Source: Yahoo! Finance
- Multiple investors participated in the round , led by M&G, REE's largest investor TEL AVIV, Israel, March 06, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the closing of its previously announced underwritten public offering of 2,300,000 Class A ordinary shares (the “ordinary shares”), which includes the full exercise of the underwriter's overallotment option. Each ordinary share was sold at a public offering price of $6.50 per share. The gross proceeds to REE from the offering are approximately $14.95 million, before deducting the placement agent's fees and other offering expenses payable by REE. REE intends to use the net proceeds from the offering primarily for working capital and general corporate purposes, including continued product development and commercialization. Multiple investors participated in the offering, led by M&G Investment Management Lim
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REE
Earnings
- 3/27/24 - Miss
REE
Sec Filings
- 4/9/24 - Form SC
- 4/5/24 - Form 144
- 4/1/24 - Form 144
- REE's page on the SEC website