10X Capital Venture Acquisition Corp [NASDAQ: VCVC] traded at a high on 02/03/21, posting a 49.45 gain after which it closed the day’ session at $16.35. The company report on February 4, 2021 that SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of 10X Capital Venture Acquisition Corp (Nasdaq – VCVC).
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of 10X Capital Venture Acquisition Corp (“10X SPAC” or the “Company”) (NASDAQ:VCVC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which 10X SPAC, a special purpose acquisition company, will combine with REE Automotive (“REE”), a leader in e-Mobility, and result in REE becoming a publicly-listed company. Under the terms of the agreement, 10X SPAC shareholders will retain ownership of only 5.6% of the combined company.
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The investigation concerns whether the 10X SPAC Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.
The market cap for VCVC stock reached $329.04 million, with 20.13 million shares outstanding. Compared to the average trading volume of 249.27K shares, VCVC reached a trading volume of 14413971 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 10X Capital Venture Acquisition Corp [VCVC]?
The Average True Range (ATR) for 10X Capital Venture Acquisition Corp is set at 0.73
How has VCVC stock performed recently?
10X Capital Venture Acquisition Corp [VCVC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 55.86.
10X Capital Venture Acquisition Corp [VCVC]: Deeper insight into the fundamentals