REE Automotive Announces $27 Million Direct Offering to Boost Operations

The latest update is out from REE Automotive ( (REE) ).

On March 18, 2025, REE Automotive announced a securities purchase agreement to issue over 6.3 million Class A Ordinary Shares, aiming to raise approximately $27.1 million. The proceeds will be used for working capital and general corporate purposes. The offering, facilitated by A.G.P./Alliance Global Partners, includes a lock-up agreement for directors and executives, restricting the sale of company securities for 60 days post-closing. This financial move is expected to bolster REE’s operational capabilities and strengthen its market position as it prepares for the first deliveries of its P7-C electric truck in the first half of 2025.

More about REE Automotive

REE Automotive Ltd. is a technology company specializing in the development of software-defined vehicles (SDVs) that enhance safety, modularity, and performance in both passenger and commercial vehicles. The company leverages its proprietary system-on-chip architecture for real-time decision-making and collaborates with major suppliers like Motherson Group to produce vehicles at scale without significant capital investment.

YTD Price Performance: -54.39%

Average Trading Volume: 54,927

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $94.83M

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