REE Automotive schedules annual general meeting for March 6

Published 2025-01-22, 04:30 p/m
LINC
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REE Automotive Ltd., a company specializing in motor vehicles and passenger car bodies with a market capitalization of approximately $497 million, announced today that its annual general meeting of shareholders is scheduled for Thursday, March 6, 2025. The company has shown impressive momentum with a 73% return over the past year, according to InvestingPro data. The meeting will take place at the company's headquarters in Kibbutz Glil-Yam, Israel at 12:00 p.m. local time (5:00 a.m. Eastern Time).

The notice, part of a report filed with the U.S. Securities and Exchange Commission (SEC), outlined the proposals to be voted upon and detailed the procedures for shareholders to vote either in person or by proxy.

The company, which files annual reports under Form 20-F, has made available a proxy statement and a form of proxy card for shareholders intending to vote. With revenue growth of 15.2% and a healthy current ratio of 1.57, REE maintains a strong financial position heading into this important corporate event.

The proxy statement, which includes more details about the meeting and the matters to be voted on, is attached to the SEC Form 6-K as Exhibit 99.1. Additionally, the form of proxy card is included as Exhibit 99.2. These documents are also incorporated by reference into the company's current registration statements on Form S-8 and Form F-3, to the extent that they are not superseded by subsequent filings.

Shareholders of REE Automotive Ltd. are encouraged to review the proxy statement for a full understanding of the proposals and their rights to vote on corporate matters. The company has ensured that all relevant materials are available for review in compliance with SEC regulations and corporate governance practices.

For investors seeking deeper insights, InvestingPro offers a comprehensive research report with detailed analysis of REE's financial health, valuation metrics, and growth prospects, along with 12 additional ProTips that could inform investment decisions.

In other recent news, Lincoln Educational Services, also known as Lincoln Tech, has reported a significant 67% increase in adjusted EBITDA and a 21% rise in student starts for its third quarter. The company has also raised its financial guidance for 2024, projecting revenues between $430 million and $435 million. In addition, Rosenblatt Securities has adjusted its outlook on Lincoln Tech, increasing the price target to $20.00 from the previous $17.00 while maintaining a Buy rating. The firm's revised price target reflects confidence in Lincoln Tech's ability to thrive in the current economic environment.

Lincoln Tech is also developing new campuses in Nashville, Philadelphia, Houston, and Long Island as part of its expansion. The company's partnerships with Hyundai (OTC:HYMTF), Tesla (NASDAQ:TSLA), and Container Maintenance Corporation are expected to enhance training programs and revenue. On the other hand, Lincoln Tech plans to divest the underperforming Euphoria Institute in Las Vegas to focus more on skilled trades and healthcare.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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