PR Newswire
NEW YORK, Feb. 3, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of 10X Capital Venture Acquisition Corp. (“VCVC” or the “Company”) (NASDAQ: VCVC) in connection with the Company’s proposed merger with REE Automotive Ltd. (“REE”), a privately-held automotive technology company. Under the terms of the merger agreement, VCVC will acquire REE through a reverse merger that will result in REE becoming a public company traded on the NASDAQ. The transaction values the combined company at a pro forma enterprise value of $3.1 billion.
If you own VCVC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslawllp.com/VCVC/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether VCVC’s board acted in the best interest of VCVC’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of REE, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to VCVC’s public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
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SOURCE WeissLaw LLP
