REE Automotive (REE) Announces Proposed Share Offering

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Go back to REE Automotive (REE) Announces Proposed Share Offering

REE Announces Proposed Public Offering of Ordinary Shares

February 29, 2024 5:21 PM EST

TEL AVIV, Israel, Feb. 29, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (REE or the Company), today announced that it has launched 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... More