As of July 22, 2021, 10X Capital Venture Acquisition Corp was acquired by REE Automotive Ltd., in a reverse merger transaction. 10X Capital Venture Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology and tech-enabled businesses in the United States; and consumer internet, ecommerce, software, healthcare, and financial services industries internationally, as well as other industries that are being disrupted by advances in technology and on technology paradigms.

The company was incorporated in 2020 and is based in New York, New York.