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Stock impact report

REE Automotive Announces Increase in Previously Announced Registered Direct Offering to $36.4 Million with Pricing of Additional $9.4 Million at Premium to Market, Led by Strategic Investo...

REE Automotive Ltd. - Class A Ordinary Shares (REE) 
Company Research Source: Yahoo! Finance
New capital further strengthens REE's cash position ahead of planned vehicle deliveries for nearly $1 billion in reservations TEL AVIV, Israel, March 26, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops and builds software-defined electric vehicles, today announced that it has entered into securities purchase agreements with certain existing strategic investors, including M&G Investments and Motherson Group, for the purchase and sale of 2,219,176 ordinary shares at a purchase price of $4.25 per share, pursuant to a registered direct offering, resulting in gross proceeds of up to approximately $9.4 million at closing(s) before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about March 27, 2025, subject to the satisfaction of customary closing conditions. The complete registered direct offering, including the proceeds from the Show less Read more
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