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Ree Automotive Ltd   (REE)
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 REE $5.6200 $0.0100 0.18%

 Volume (M): 11   Open : 5.61    52 Wk Avg :  7.24

 
 REE $5.6200 $0.0100 0.18%

 Volume (M): 11   Open : 5.61    52 Wk Avg :  7.24




REE Today's High: $5.89 REE Shares One Week Perf: -7.72 %
REE Today's Low: $ 5.61 REE Shares 30 Day Performance: -24.21 %
Number of REE Shares Traded (M): 11 REE Share Price 52 Wk High: $ 13.77
Value of REE's Shares Traded (M$): $ 61 REE Share Price 52 Wk Avg: $7.24
Share Price at the Open: $5.61 REE's Share Price 52 Wk Low: $2.30



  News about Ree Automotive Ltd's Stock Splits and Dividends

REE Automotive's Successful $14.95 Million Capital Raise and Its Impact on Shareholders



REE Automotive Ltd, a leading developer of electric and autonomous vehicle platforms, recently announced a substantial capital raise of $14.95 million through the issuance of ordinary shares. With minimal discount, this vibrant development is expected to significantly impact the company's shareholders and reinforces its market position as a forward-thinking player in the automotive industry. In this article, we will examine the implications of this news while placing it into the wider context of REE Automotive's recent activities.
The Capital Raise in Detail:
REE Automotive's successful $14.95 million capital raise marks a pivotal moment in the company's growth trajectory. By issuing ordinary shares at a minimal discount, the company has showcased its ability to attract new investment even amidst the challenges posed by an uncertain global economy. This fresh injection of capital is set to fuel REE Automotive's continued expansion, allowing it to further develop its groundbreaking technologies and solidify its position in the market.

REE Automotive Ltd Reinforces Impressive Share Price Surge with Successful Pricing of Public Offering

REE Automotive Ltd., a leading electric mobility company based in Tel Aviv, Israel, has recently announced the pricing of an underwritten public offering of 2,000,000 Class A ordinary shares. Each ordinary share is being sold at a public offering price of $6.50 per share. The company has also granted the underwriter a 20-day option to purchase up to an additional 300,000 ordinary shares sold in the offering to cover over-allotments, if any.
This announcement comes at a time when the share price of REE Automotive Ltd is performing exceptionally well. As of the writing of this article, the share price stands at $7.83, representing an impressive increase of 46.37% in 2024. This surge in share price indicates the growing confidence and interest in the company and its products within the market.





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