Brief: Ree Automotive Says Agreement With Motherson Group In $45.35 Mln Registered Direct Offering

Samvardhana Motherson International

16/09/2024 13:31

Sept 16 (Reuters) - 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))