REE Automotive (REE) has released an update.
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REE Automotive Ltd. has announced a pre-funded ordinary share purchase warrant that allows holders to buy Class A Ordinary Shares at a nominal price after the initial exercise date in 2024. The warrant includes provisions for both full and partial cashless exercises, with the company agreeing to issue shares reflecting the terms of the exercised warrants. This strategic financial instrument aims to provide flexibility to investors and raise capital for REE Automotive.
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