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Thursday, July 22, 2021

Equity Corporate Actions Alert #2021 - 147
(UPDATED: Closed) Information Regarding the Business Combination of 10X Capital Venture Acquisition Corp. (VCVC/W/U) and REE Automotive Ltd.

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The business combination of 10X Capital Venture Acquisition Corp. (VCVC/W/U) and REE Automotive Ltd. became effective today, Thursday, July 22, 2021. Following the completion of the business combination, the Class A Common Stock, Warrants, and Units will be suspended from trading. The suspension details are as follows:

Company: 10X Capital Venture Acquisition Corp. Class A Common Stock
CUSIP#: 88025V107
Symbol: VCVC
Last Trading Date: July 22, 2021
Effective Date for Suspension: July 23, 2021
Merger Consideration: One (1) share of REE Automotive Ltd. Class A Ordinary Shares (REE) for each share held.
Company: 10X Capital Venture Acquisition Corp. Warrant
CUSIP#: 88025V115
Symbol: VCVCW
Last Trading Date: July 22, 2021
Marketplace Effective Date for Suspension: July 23, 2021
Merger Consideration: One (1) REE Automotive Ltd. warrant for each VCVCW warrant held (REEAW) for each warrant held.
Company: 10X Capital Venture Acquisition Corp. Unit
CUSIP#: 88025V206
Symbol: VCVCU
Last Trading Date: July 22, 2021
Marketplace Effective Date for Suspension: July 23, 2021
Merger Consideration: Each unit will separate into its components.

As a result of the business combination, the combined company will be listed on the Nasdaq Global Market. The details are as follows:

Company: REE Automotive Ltd. Common Stock
CUSIP#: M8287R103
Symbol: REE
Trading Begins: July 23, 2021
Company: REE Automotive Ltd. Warrants expiring 07/22/2026
CUSIP#: M8287R111
Symbol: REEAW
Trading Begins: July 23, 2021

If you would like to register as a market maker in REE or REEAW, contact Nasdaq Trading Services at +1 212 231 5100.


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