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OFFON

REE AUTOMOTIVE LTD.

(REE)
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REE Automotive : 10X Capital Leadership Purchases Additional Shares In REE Automotive

09/08/2021 | 09:22am EDT

REE (Nasdaq: REE) SPAC sponsor completes open market purchases

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:

Hans Thomas:

https://www.sec.gov/Archives/edgar/data/1828707/000121390021046457/xslF345X03/ownership.xml

David Weisburd:

https://www.sec.gov/Archives/edgar/data/1828663/000121390021046466/xslF345X03/ownership.xml

About 10X CAPITAL

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.


ę Business Wire 2021
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Analyst Recommendations on REE AUTOMOTIVE LTD.
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Financials (USD)
Sales 2021 0,63 M - -
Net income 2021 -230 M - -
Net cash 2021 291 M - -
P/E ratio 2021 -3,77x
Yield 2021 -
Capitalization 1 288 M 1 288 M -
EV / Sales 2021 1 584x
EV / Sales 2022 59,3x
Nbr of Employees 184
Free-Float 73,4%
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Technical analysis trends REE AUTOMOTIVE LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 4,11 $
Average target price 13,75 $
Spread / Average Target 235%
EPS Revisions
Managers and Directors
Daniel Barel Chief Executive Officer & Director
Haim Aviv Chief Financial Officer
Arik Shteinberg Chairman
Ahishay Sardes Director & Chief Technology Officer
Michael-John Charlton Chief Operating Officer
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