<SEC-DOCUMENT>0001213900-24-018623.txt : 20240229
<SEC-HEADER>0001213900-24-018623.hdr.sgml : 20240229
<ACCEPTANCE-DATETIME>20240229172725
ACCESSION NUMBER:		0001213900-24-018623
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240229
FILED AS OF DATE:		20240229
DATE AS OF CHANGE:		20240229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REE Automotive Ltd.
		CENTRAL INDEX KEY:			0001843588
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40649
		FILM NUMBER:		24705293

	BUSINESS ADDRESS:	
		STREET 1:		KIBBUTZ GLIL-YAM
		CITY:			KIBBUTZ GLIL-YAM
		STATE:			L3
		ZIP:			4690500
		BUSINESS PHONE:		954 907 2231

	MAIL ADDRESS:	
		STREET 1:		KIBBUTZ GLIL-YAM
		CITY:			KIBBUTZ GLIL-YAM
		STATE:			L3
		ZIP:			4690500
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea0200999-6k_reeauto.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE&nbsp;13a-16&nbsp;OR&nbsp;15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of February 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-40649</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REE AUTOMOTIVE LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified in its
charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Kibbutz Glil-Yam</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>4690500, Israel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive office)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F &#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CONTENTS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white">On
February 29, 2024, REE Automotive Ltd. (the &ldquo;Company&rdquo;) issued a press release titled &ldquo;REE Announces Proposed Public
Offering of Ordinary Shares,&rdquo; a copy of which is furnished as Exhibit 99.1 with this Form 6-K.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Report of Foreign Private
Issuer on Form 6-K, including its exhibit, is incorporated by reference into the Company&rsquo;s&nbsp;<FONT STYLE="background-color: white">registration
statements, including its registration statements on Form S-8 (File No.&nbsp;<A HREF="http://www.sec.gov/Archives/edgar/data/1843588/000121390021060120/ea147829-s8_reeautomotive.htm">333-261130</A>&nbsp;and File No.&nbsp;<A HREF="http://www.sec.gov/Archives/edgar/data/1843588/000121390023042384/ea179052-s8_reeautomotive.htm">333-272145</A>) and registration
statements on Form F-3 (File Nos.&nbsp;<A HREF="http://www.sec.gov/Archives/edgar/data/1843588/000121390024007474/ea192214-f3_reeautomotive.htm">333-276757</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1843588/000121390022048392/ea164235-f3_reeautomotive.htm">333-266902</A>&nbsp;and&nbsp;<A HREF="http://www.sec.gov/Archives/edgar/data/1843588/000121390022057061/ea166014-posam_reeauto.htm">333-258963</A>), and shall be a part thereof, to the extent not
superseded by documents or reports subsequently filed or furnished.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="border-bottom: Black 1.5pt solid; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit No. &nbsp;</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 89%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea0200999ex99-1_reeauto.htm">Press release issued by REE Automotive Ltd. dated February 29, 2024, titled &ldquo;REE Announces Proposed Public Offering of Ordinary Shares.&rdquo;</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 195.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REE AUTOMOTIVE LTD.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Avital Futterman</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Avital Futterman</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General Counsel</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: February 29, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea0200999ex99-1_reeauto.htm
<DESCRIPTION>PRESS RELEASE ISSUED BY REE AUTOMOTIVE LTD. DATED FEBRUARY 29, 2024, TITLED "REE ANNOUNCES PROPOSED PUBLIC OFFERING OF ORDINARY SHARES."
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REE Announces Proposed Public Offering of Ordinary
Shares </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">TEL AVIV (February 29,
2024) &ndash; GlobeNewswire &ndash; REE Automotive Ltd. (Nasdaq: REE) (&ldquo;REE&rdquo; or the &ldquo;Company&rdquo;), today announced
that it has launched a public offering to offer and sell its Class A ordinary shares (the &ldquo;ordinary shares&rdquo;). The Company
expects to grant the underwriter a 20-day option to purchase up to an additional 15% of the number of ordinary shares sold in the offering
to cover over-allotments, if any. The offering is subject to market and other conditions, and there can be no assurance as to whether
or when the offering will be completed, or as to the actual size or terms of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">M&amp;G
Investment Management Limited (&ldquo;M&amp;G&rdquo;) has indicated an interest in purchasing ordinary shares in the offering at the public
offering price. However, because indications of interest are not binding agreements or commitments to purchase, the underwriter may sell
more, less or no ordinary shares in this offering to M&amp;G, or M&amp;G may determine to purchase more, less or no ordinary shares in
this offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Roth Capital Partners
is acting as sole book-running manager for the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">REE intends to use the net proceeds from the offering
primarily for working capital and general corporate purposes, including continued product development and commercialization.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The securities will be
offered pursuant to an effective shelf registration statement on Form F-3 (File No. 333-266902), including a base prospectus, filed with
the Securities and Exchange Commission (the &quot;SEC&quot;) on August 16, 2022, and declared effective by the SEC on August 25, 2022.
A preliminary prospectus supplement has been, or will be, filed with the SEC and, when available, copies of the preliminary prospectus
supplement and accompanying base prospectus may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach,
CA 92660, (800) 678-9147 or by accessing the SEC's website,&nbsp;www.sec.gov. Before investing in this offering, interested parties should
read in their entirety the preliminary prospectus supplement and the accompanying prospectus and the other documents that the Company
has filed with the SEC that are incorporated by reference in such preliminary prospectus supplement and the accompanying prospectus, which
provide more information about the Company and such offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">This press release shall
not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About REE Automotive</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">REE Automotive (Nasdaq: REE) is an automotive
technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete
design freedom, vehicles Powered by REE&trade; are equipped with the revolutionary REEcorner&trade;, which packs critical vehicle components
(steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As
the first company to certify a fully by-wire vehicle in the US, REE&rsquo;s proprietary by-wire technology for drive, steer and brake
control eliminates the need for mechanical connection. Using four identical REEcorners&trade; enables REE to make the industry&rsquo;s
flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer
a low TCO, and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Caution About Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This communication includes certain forward-looking
statements within the meaning of the &ldquo;safe harbor&rdquo; provisions of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements
include, but are not limited to, statements regarding REE or its management team&rsquo;s expectations, hopes, beliefs, intentions or strategies
regarding the future. For example, REE is using forward looking statements when it discusses the proposed public offering, the potential
participation by M&amp;G, and the expected use of proceeds. In addition, any statements that refer to plans, projections, forecasts or
other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words
&ldquo;aim&rdquo; &ldquo;anticipate,&rdquo; &ldquo;appear,&rdquo; &ldquo;approximate,&rdquo; &ldquo;believe,&rdquo; &ldquo;continue,&rdquo;
&ldquo;could,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;foresee,&rdquo; &ldquo;intends,&rdquo; &ldquo;may,&rdquo; &ldquo;might,&rdquo;
&ldquo;plan,&rdquo; &ldquo;possible,&rdquo; &ldquo;potential,&rdquo; &ldquo;predict,&rdquo; &ldquo;project,&rdquo; &ldquo;seek,&rdquo;
&ldquo;should,&rdquo; &ldquo;would&rdquo;, &ldquo;designed,&rdquo; &ldquo;target&rdquo; and similar expressions (or the negative version
of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is
not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements
in this communication may include, among other things, statements about REE&rsquo;s strategic and business plans, technology, relationships
and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product,
intellectual property, REE&rsquo;s expectation for growth, and its future results, operations and financial performance and condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These forward-looking statements are based on
REE&rsquo;s current expectations and assumptions about future events and are based on currently available information as of the date of
this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking
statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause
our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed
or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE&rsquo;s control. Forward-looking
statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements,
whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by
securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or
developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that
could affect REE&rsquo;s future performance and could cause actual results to differ include, but are not limited to: REE&rsquo;s ability
to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7
lineup; REE&rsquo;s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of
REE&rsquo;s advanced prototypes into marketable products; REE&rsquo;s ability to grow and scale manufacturing capacity through relationships
with Tier 1 suppliers; REE&rsquo;s estimates of unit sales, expenses and profitability and underlying assumptions; REE&rsquo;s reliance
on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE&rsquo;s
limited operating history; risks associated with building out of REE&rsquo;s supply chain; risks associated with plans for REE&rsquo;s
initial commercial production; REE&rsquo;s dependence on potential suppliers, some of which will be single or limited source; development
of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns;
risks related to lack of compliance with Nasdaq&rsquo;s minimum bid price requirement; future sales of our securities by existing material
shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes
due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the
e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated
in Israel and governed by Israeli law; REE&rsquo;s ability to make continued investments in its platform; the impact of the COVID-19 pandemic,
interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may
arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general
market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations
in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws
and regulations that impact REE; REE&rsquo;s ability to enforce, protect and maintain intellectual property rights; REE&rsquo;s ability
to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections
entitled &ldquo;Risk Factors&rdquo; and &ldquo;Cautionary Note Regarding Forward-Looking Statements&rdquo; in REE&rsquo;s annual report
filed with the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on March 28, 2023 and in subsequent filings with the SEC.</P>

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