REE Automotive — modular EV "REEcorner" platform for fleets
REE Automotive completes 10X Capital SPAC merger ($3.1B). NASDAQ: REE Jul 23, 2021. Modular "REEcorner" EV platform for commercial fleets.
$3.10B
Deal Value
Battery Storage
Technology
TX
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- REE Automotive (NASDAQ: REE)
- Buyer / Financier
- 10X Capital Venture + $300M PIPE
- Deal Value
- $3.1B combined value; >$500M proceeds (incl. $300M PIPE)
- Stage
- Growth
- ISO/RTO
- ERCOT
- Source
- BusinessWire / REE
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