<SEC-DOCUMENT>0001013762-24-002919.txt : 20240731
<SEC-HEADER>0001013762-24-002919.hdr.sgml : 20240731
<ACCEPTANCE-DATETIME>20240731080017
ACCESSION NUMBER:		0001013762-24-002919
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240731
FILED AS OF DATE:		20240731
DATE AS OF CHANGE:		20240731

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:		241159934

	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>ea0210348-6k_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">&nbsp;</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">&nbsp;</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">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONTENTS</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: justify; text-indent: 36pt"><FONT STYLE="background-color: white">On
July 25, 2024, REE Automotive, Ltd. (the &ldquo;Company&rdquo;) executed a strategic non-binding offer letter (the &ldquo;Offer Letter&rdquo;)
with a leading global supplier in the automotive space (the &ldquo;Strategic Party&rdquo;) to leverage its extensive experience and capabilities
to deliver value to the Company by contributing highly experienced teams to drive operational improvements of the Company&rsquo;s production
line based on the Strategic Party&rsquo;s manufacturing sites around the world. In addition, the Strategic Party will provide supply chain
management enabling insights into the global supply chain and a knowledge base that can help improve sourcing for the Company. The parties
believe this support can benefit the Company in working capital improvements, improving productivity and cost structure, improvement of
lead time, better contractual terms and possibly with the objective to supporting production scale-up while freeing up resources for engineering
and future innovation. In addition, the Strategic Party intends to leverage its network and engage with truck original equipment manufacturers
to advocate for adoption of the Company&rsquo;s corner modules. As part of the strategic alignment between the parties, the Strategic
Party intends to purchase $10 million of the Company&rsquo;s securities at a price per share of $4.12 (which was the 30-day volume-weighted
average price as of the date of the Offer Letter). The Offer Letter has been approved by the Boards of Directors of both parties and is
subject to the negotiation and execution of a definitive agreement, which shall include customary closing conditions, and satisfactory
due diligence. As such, there is no guarantee that the transactions contemplated by the Offer Letter will occur. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">This Form 6-K is
incorporated by reference into the Company&rsquo;s registration statements, including its registration statements on Form S-8 (File
No. <A HREF="https://www.sec.gov/Archives/edgar/data/1843588/000121390021060120/ea147829-s8_reeautomotive.htm">333-261130</A>, File
No. <A HREF="https://www.sec.gov/Archives/edgar/data/1843588/000121390023042384/ea179052-s8_reeautomotive.htm">333-272145</A>&nbsp;and
File No. <A HREF="https://www.sec.gov/Archives/edgar/data/1843588/000121390024027210/ea0202629-s8_reeauto.htm">333-278319</A>) and
registration statements on Form F-3 (File Nos. <A HREF="https://www.sec.gov/Archives/edgar/data/1843588/000121390022048392/ea164235-f3_reeautomotive.htm">333-266902</A>&nbsp;and
<A HREF="https://www.sec.gov/Archives/edgar/data/1843588/000121390024007474/ea192214-f3_reeautomotive.htm">333-276757</A>), and shall be a part thereof, to the extent not superseded by documents or reports subsequently filed or furnished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</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; text-indent: 36pt">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 transactions described in the Offer Letter, including the potential investment by the Strategic Party. 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; text-indent: 36pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">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 27, 2024 and in subsequent
filings with the SEC.</P>

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<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt">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: 36pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <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: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&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="border-bottom: black 1.5pt solid; vertical-align: top"><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: July 31, 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">&nbsp;</P>

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

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