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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of 10X Capital Venture Acquisition Corp (“10X” or the “Company”) (NASDAQ: VCVC) with REE Automotive. Upon closing of the business combination, NASDAQ will list the combined company under the ticker “REE”. The public stockholders of 10X will own 5.6% of the post-close REE.
The 10X merger investigation concerns whether the Board of 10X has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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