Latham & Watkins Advises the Placement Agents in Connection with the Proposed US$3.1 Billion Merger between REE Automotive and 10X Capital Venture Acquisition Corp

REE Automotive Ltd. and 10X Capital Venture Acquisition Corp (NASDAQ:VCVC), a special purpose acquisition company (SPAC), have announced that they have entered into a merger agreement for a business combination that would result in REE becoming a publicly listed company. Following the close, NASDAQ will list the combined company under the ticker “REE.” In connection with the proposed business combination, there was a fully committed US$300 million PIPE with participation from long-term strategic investors.

Latham & Watkins LLP represents the placement agents in connection with the PIPE transaction with a Houston-based corporate deal team led by partner Ryan Maierson, with associates Paul Robe and Ricky Alvarado.