REE Automotive ( (REE) ) has provided an announcement.
On March 26, 2025, REE Automotive announced a registered direct offering of 2,219,176 ordinary shares at $4.25 per share, raising approximately $9.4 million. This offering, led by strategic investors Motherson Group and M&G Investments, increases the total capital raised to $36.4 million. The funds will support working capital and corporate purposes, bolstering REE’s financial position ahead of planned vehicle deliveries. The offering reflects investor confidence and supports REE’s growth strategy, including a significant memorandum of understanding (MOU) that could generate $770 million in revenue. This MOU highlights the potential of REE’s technology to reshape electric and autonomous transportation across various vehicle segments and geographies.
More about REE Automotive
REE Automotive Ltd. is a technology company specializing in software-defined vehicles (SDVs). Their vehicles utilize proprietary software to enhance safety, modularity, and performance in both passenger and commercial vehicles. The company collaborates with Motherson Group, a major international supplier, to manage its global supply chain and aims to produce vehicles at scale without significant capital investment. REE’s SDV technology offers licensing solutions for OEMs to improve cost structures and market offerings. The company plans to deliver its P7-C electric truck in the first half of 2025.
YTD Price Performance: -59.31%
Average Trading Volume: 62,845
Technical Sentiment Signal: Buy
Current Market Cap: $106.7M
For detailed information about REE stock, go to TipRanks’ Stock Analysis page.