Israel’s E-Mobility Company REE Automotive to go Public in a $3.6 Billion SPAC Deal

The transaction will provide around $500 million of gross cash proceeds to the company

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REE Automotive, an Israel-based e-mobility company, has signed a merger agreement for a business combination with 10X Capital Venture Acquisition Corporation, a special purpose vehicle company (SPAC), resulting in REE becoming a public company.

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