REE Automotive (REE), a leader in e-Mobility, which is in the
process of closing its merger with 10X Capital Venture Acquisition
Corp. (NASDAQ: VCVC), today announced that Co-Founder and Chief
Executive Officer, Daniel Barel, and Chief Financial Officer, Hai
Aviv, will participate in a number of investor events in June.
Citi Lithium and Battery Day Thursday, June 3
Presentation time: 12pm ET To listen to the webcast click
here.
5th Annual Needham Automotive Tech Conference Tuesday,
June 8 Presentation time: 10:15am ET To listen to the webcast click
here.
UBS Global Industrials and Transportation Conference
Wednesday, June 9, 2021 Presentation time: 4pm ET To listen to the
webcast click here.
Deutsche Bank Global Auto Industry Conference Wednesday,
June 16, 2021 Presentation time: 8am ET Link to be posted to IR
website: https://investors.ree.auto/
For updated information on webcasts and upcoming IR conferences
in which REE Automotive is participating go to:
https://investors.ree.auto/.
About REE Automotive
REE is an automotive technology leader creating the cornerstone
for tomorrow's zero-emission vehicles. REE’s mission is to empower
global mobility companies to build any size or shape of electric or
autonomous vehicle – from class 1 through class 6 - for any
application and any target market. Our revolutionary, award-winning
REEcorner technology packs traditional vehicle drive components
(steering, braking, suspension, powertrain and control) into the
arch of the wheel, allowing for the industry's flattest EV
platform. Unrestricted by legacy thinking, REE is a truly
horizontal player, with technology applicable to the widest range
of target markets and applications. Fully scalable and completely
modular, REE offers multiple customer benefits including complete
vehicle design freedom, more space and volume with the smallest
footprint, lower TCO, faster development times, ADAS compatibility,
reduced maintenance and global safety standard compliance.
Headquartered in Tel Aviv, Israel, with subsidiaries in the USA,
the UK and Germany. REE has a unique CapEx-light manufacturing
model that leverages its Tier 1 partners’ existing production
lines. REE’s technology, together with their unique value
proposition and commitment to excellence, positions REE to break
new ground in e-Mobility. For more information visit
https://www.ree.auto.
About 10x Capital
10X Capital is a venture capital and investment firm at the
nexus of Wall Street with Silicon Valley, aligning institutional
capital with high growth ventures. Founded in 2004 by serial
entrepreneur Hans Thomas, 10X Capital invests across the capital
structure, with a focus on companies using technology to disrupt
major industries, including finance, healthcare, transportation and
real estate. For more information visit www.10xcapital.com. 10X
Capital Venture Acquisition Corp (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.
Additional Information
This communication is being made in respect of the proposed
transaction involving REE Automotive Ltd. (“REE”) and 10X Capital
Venture Acquisition Corp (“10X SPAC”). This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any securities or a solicitation of any vote or approval, nor shall
there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such jurisdiction. In
connection with the proposed transaction, REE will file with the
Securities and Exchange Commission (“SEC”) a registration statement
on Form F-4 that will include a proxy statement of 10X SPAC in
connection with 10X SPAC’s solicitation of proxies for the vote by
10X SPAC’s shareholders with respect to the proposed transaction
and other matters as may be described in the registration
statement. REE and 10X SPAC also plan to file other documents with
the SEC regarding the proposed transaction and a proxy
statement/prospectus will be mailed to holders of shares of 10X
SPAC’s Class A ordinary shares. BEFORE MAKING ANY VOTING OR
INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE FORM F-4 AND
THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION
AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION. The proxy
statement/prospectus, as well as other filings containing
information about REE and 10X SPAC will be available without charge
at the SEC’s Internet site (http://www.sec.gov). Copies of the proxy
statement/prospectus can also be obtained, when available, without
charge, from REE’s website at https://ree.auto/. Copies of the proxy
statement/prospectus can be obtained, when available, without
charge, from 10X SPAC’s website https://www.10xspac.com/.
Participants in the Solicitations
REE, 10X SPAC and certain of their respective directors,
executive officers and other members of management and employees
may, under SEC rules, be deemed to be participants in the
solicitation of proxies from 10X SPAC’s shareholders in connection
with the proposed transaction. You can find more information about
10X SPAC’s directors and executive officers in 10X SPAC’s final
prospectus dated November 24, 2020 and filed with the SEC on
November 25, 2020. Additional information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests will be included in the proxy
statement/prospectus when it becomes available. Shareholders,
potential investors and other interested persons should read the
proxy statement/prospectus carefully when it becomes available
before making any voting or investment decisions. You may obtain
free copies of these documents from the sources indicated
above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act, or an exemption
therefrom.
Caution About Forward-Looking Statements
This communication includes forward-looking statements. These
forward-looking statements are based on REE’s and 10X SPAC’s
expectations and beliefs concerning future events and involve risks
and uncertainties that may cause actual results to differ
materially from current expectations. These factors are difficult
to predict accurately and may be beyond REE’s and 10X SPAC’s
control. Forward-looking statements in this communication or
elsewhere speak only as of the date made. New uncertainties and
risks arise from time to time, and it is impossible for REE or 10X
SPAC to predict these events or how they may affect REE or 10X
SPAC. Except as required by law, neither REE nor 10X SPAC has any
duty to, and does not intend to, update or revise the
forward-looking statements in this communication or elsewhere after
the date this communication is issued. In light of these risks and
uncertainties, investors should keep in mind that results, events
or developments discussed in any forward-looking statement made in
this communication may not occur. Uncertainties and risk factors
that could affect REE’s and 10X SPAC’s future performance and cause
results to differ from the forward-looking statements in this
release include, but are not limited to: the occurrence of any
event, change or other circumstances that could give rise to the
termination of the business combination; the outcome of any legal
proceedings that may be instituted against REE or 10X SPAC, the
combined company or others following the announcement of the
business combination; the inability to complete the business
combination due to the failure to obtain approval of the
shareholders of 10X SPAC or to satisfy other conditions to closing;
changes to the proposed structure of the business combination that
may be required or appropriate as a result of applicable laws or
regulations; the ability to meet stock exchange listing standards
following the consummation of the business combination; the risk
that the business combination disrupts current plans and operations
of 10X SPAC or REE as a result of the announcement and consummation
of the business combination; the ability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and retain its management and key
employees; costs related to the business combination; changes in
applicable laws or regulations; REE’s estimates of expenses and
profitability and underlying assumptions with respect to
shareholder redemptions and purchase price and other adjustments;
intense competition in the e-mobility space, including with
competitors who have significantly more resources; ability to grow
and scale REE’s manufacturing capacity through new relationships
with Tier 1 suppliers; ability to maintain relationships with
current Tier 1 suppliers and strategic partners; ability to make
continued investments in REE’s platform; the need to attract, train
and retain highly-skilled technical workforce; the impact of the
ongoing COVID-19 pandemic; changes in laws and regulations that
impact REE; ability to enforce, protect and maintain intellectual
property rights; and risks related to the fact that we are
incorporated in Israel and governed by Israeli law; and other risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in 10X
SPAC’s final prospectus dated November 24, 2020 relating to its
initial public offering and in subsequent filings with the SEC,
including the proxy statement relating to the business combination
expected to be filed by 10X SPAC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210602005548/en/
Investor Relations Limor Gruber VP Investor Relations |
REE Automotive +972-50-5239233 investors@ree.auto
Media Keren Shemesh Chief Marketing Officer | REE
Automotive +972-54-5814333 media@ree.auto
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