Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 206

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 206
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NOTE 14. WARRANT LIABILITIES

a. Pursuant to the Merger Agreement, the Company assumed warrants previously issued by 10X Capital consisting of 183,333 335,417 518,750 518,750 five years

In September 22, 2022, a total of 2 2

On September 22, 2022, the Company completed a registered exchange offer (the "Exchange Offer") for its 518,750 434,445 86,890 6.00 84,303 5.40 15,192

The change in fair value of warrant liabilities was recorded through the date of exchange as change in fair value of warrant liabilities within the consolidated statements of comprehensive loss. Additionally, the fair value of the warrant liability as of the exchange date of $ 3,104

b. As described in Note 13 above, on December 3, 2023 and December 20, 2023 (the” Closing Date”) the Company agreed to issue and sell Warrants to purchase up to an aggregate of 1,571,710 130,662 4.42 5.74 1,702,372

c. On September 15, 2024, the Company has entered into Securities Purchase Agreements with certain investors for the issuance of Pre-Funded Warrants to purchase 3,639,893 4.121 4.122 0.001 15,000

F-34

Table of Contents

REE AUTOMOTIVE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

U. S. dollars in thousands (except share and per share data)

NOTE 15. FAIR VALUE MEASUREMENTS

The following table presents information about the Company’s assets and liabilities fair value at December 31, 2024 and 2023 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

                                 December 31, 2024                                        
                                 Level 1                            Level 2      Level 3  
 ──────────────────────────────────────────────────────────────────────────────────────────
  Assets:                                                                                 
  Money market fund              $                      28,843      $            $        
  Total                          $                      28,843      $            $        
  Amounts included in:                                                                    
  Cash and cash equivalents      $                      28,