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Stock impact report

REE Announces Proposed Public Offering of Ordinary Shares [Yahoo! Finance]

REE Automotive Ltd. - Class A Ordinary Shares (REE) 
Company Research Source: Yahoo! Finance
a public offering to offer and sell its Class A ordinary shares (the “ordinary shares”). The Company expects to grant the underwriter a 20-day option to purchase up to an additional 15% of the number of ordinary shares sold in the offering to cover over-allotments, if any. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering will be completed, or as to the actual size or terms of the offering. M&G Investment Management Limited (“M&G”) has indicated an interest in purchasing ordinary shares in the offering at the public offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriter may sell more, less or no ordinary shares in this offering to M&G, or M&G may determine to purchase more, less or no ordinary shares in this offering. Roth Capital Partners is acting as sole book-running manager for the offering. REE intends to use the net proceeds from t Show less Read more
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