Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 30

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 30
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 impair the chances of its acceptance, is liable to the potential purchaser and shareholders
for damages, unless such office holder acted in good faith and had reasonable grounds to believe he or she was acting for the benefit
of the company. However, office holders of the target company may negotiate with the potential purchaser in order to improve the terms
of the special tender offer, and may further negotiate with third parties in order to obtain a competing offer.

<div align='center'>S-15</div>

If a special tender offer is accepted, then shareholders who did not
respond to or that had objected the offer may accept the offer within four days of the last day set for the acceptance of the offer and
they will be considered to have accepted the offer from the first day it was made.

In the event that a special tender offer is accepted, then the purchaser
or any person or entity controlling it or under common control with the purchaser or such controlling person or entity at the time of
the offer may not make a subsequent tender offer for the purchase of shares of the target company and may not enter into a merger with
the target company for a period of one year from the date of the offer, unless the purchaser or such person or entity undertook to effect
such an offer or merger in the initial special tender offer. Shares purchased in contradiction to the special tender offer rules under
the Companies Law will have no rights and will become dormant shares.

Merger

The Companies Law permits merger transactions if approved by each party’s
board of directors and, unless certain conditions described under the Companies Law are met, a simple majority of the outstanding shares
of each party to the merger that are represented and voting on the merger. The board of directors of a merging company is required pursuant
to the Companies Law to discuss and determine whether in its opinion there exists a reasonable concern that as a result of a proposed
merger, the surviving company will not be able to satisfy its obligations towards its creditors, such determination taking into account
the financial status of the merging companies. If the board of directors determines that such a concern exists, it may not approve a proposed
merger. Following the approval of the board of directors of each of the merging companies, the boards of directors must jointly prepare
a merger proposal for submission to the Israeli Registrar of Companies.

For purposes of the shareholder vote of a merging company whose shares
are held by the other merging company, or by a person or entity holding 25% or more of the voting rights at the general