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10X Capital Leadership Purchases Additional Shares In REE Automotive
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REE (Nasdaq: REE) SPAC sponsor completes open market purchases
NEW YORK--(BUSINESS WIRE)--
10X Capital today announced that Hans Thomas, CEO, and David Weisburd, COO, each made filings with the SEC reporting the purchase of additional shares in REE Automotive (NASDAQ: REE) common stock totaling approximately $2 million, through open market purchases made in September 2021.
Mr. Thomas reported the purchase of: 161,037 shares at an average price of $5.81 on September 1, 2021; and 60,963 shares at an average price of $5.66 on September 2, 2021; for a total of 222,000 shares.
Mr. Weisburd reported the purchase of 123,908 shares at an average price of $5.97 on September 1, 2021.
The SEC filings are available on EDGAR, and linked below:
10X Capital is a venture capital and investment firm at the nexus of Wall Street and Silicon Valley, aligning institutional capital with high growth ventures. For more information visit www.10xcapital.com.
10X Capital Venture Acquisition Corp (formerly Nasdaq: VCVC), is 10X Capital’s Special Purpose Acquisition Company, focused on high growth technology companies, and was formed for the purpose of entering into a business combination with one or more businesses. For more information visit www.10xspac.com.
ree automotive is a pioneering technology company reinventing e-mobility. unrestricted by legacy thinking, ree has developed the next generation ev platform which is completely flat, scalable and modular providing customers full design freedom to create the broadest range of ev, av and maas vehicles for current and future applications, including last mile delivery, light to heavy duty ev logistics and robo taxis. ree has developed two core innovations; the reecorner integrates all traditional vehicle components (steering, braking, suspension, e-motor) into the arch of the wheel and the reeboard which is a completely flat and modular platform. ree’s approach is cost efficient and offers multiple customer benefits, including vehicle design freedom, package efficiency, increased energy efficiency, faster development time, adas compatibility, reduced maintenance and global safety standard compliance. ree is supported by a network of tier 1 partners providing access to 320 global production
