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SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Stock by Class
Composition of share capital:

December 31, 2021
AuthorizedIssued and outstanding
Number of shares
Class A Ordinary shares, no par value (1)
1,000,000,000 234,262,636 
Class B Ordinary shares, no par value (2)
83,417,110 83,417,110 
1,083,417,110 317,679,746 

Historical Composition of share capital:

December 31, 2020
AuthorizedIssued and outstanding
Number of shares
Ordinary shares of NIS 0.01 par value each (3)
372,124,239 45,271,559 
Preferred A shares of NIS 0.01 par value each (3)
37,431,121 23,770,526 
Preferred A-1 shares of NIS 0.01 par value each (3)
7,746,902 7,746,902 
Preferred B shares of NIS 0.01 par value each (3)
71,499,221 54,440,294 
Preferred B-1 shares of NIS 0.01 par value each (3)
6,168,459 5,858,106 
Preferred C shares of NIS 0.01 par value each (3)
42,801,681 21,581,947 
Preferred D shares of NIS 0.01 par value each (3)
21,895,369 16,523,474 
Preferred D-1 shares of NIS 0.01 par value each (3)
1,068,067 878,191 
560,735,059 176,070,999 

(1) Each Class A Ordinary Share has the right to exercise one vote, to participate pro rata in all the dividends declared by the Board of Director’s of the Company and the rights in the event of the Company’s winding up are to participate pro-rata in the total assets of the Company.

(2) Class B Ordinary Shares, which are held by the founders, are entitled to cast ten votes per each Class B Ordinary Share held as of the applicable record date. Specific actions set forth in REE’s Amended and Restated Articles may not be effected by REE without the prior affirmative vote of 100% of the outstanding REE Class B Ordinary Shares, voting as a separate class. Each Class B Ordinary Shares will be automatically suspended upon the tenth anniversary of the closing of the Merger. There are no economic or participating rights to this class of shares.

(3) Prior period results have been retroactively adjusted to reflect the 1:26.7017 stock split and the changes in par value from 0.01 NIS to no par value effected on July 22, 2021. See also Note 7, Merger with 10X Capital, for details.