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BRIEF-Ree Automotive Says Agreement With Motherson Group In $45.35 Mln Registered Direct Offering
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BRIEF-Ree Automotive Says Agreement With Motherson Group In $45.35 Mln Registered Direct Offering

- REE Automotive Ltd REE.O:

  • REE AUTOMOTIVE: AGREEMENT WITH MOTHERSON GROUP IN $45.35 MILLION REGISTERED DIRECT OFFERING LED BY M&G

  • REE AUTOMOTIVE: POST CLOSE OF OFFERING, M&G TO HOLD ABOUT 16%, MOTHERSON ABOUT 19%, VARANA CAPITAL 8% OF REE'S SHARES

  • REE AUTOMOTIVE: MOTHERSON TO NOMINATE MEMBER TO JOIN REE'S BOARD


((Reuters.Briefs@thomsonreuters.com))

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