Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 106

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 106
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 provided by investing activities to date have been primarily comprised of short-term investments and cash outflows for tangible fixed assets (plant and equipment). We expect investing activities to include cash outflows related to production related tangible fixed assets.

Net cash provided by investing activities was $36.0 million for the year ended December 31, 2024, which was primarily due to the maturity of short-term investments of $43.5 million, partially offset by cash outflows for purchases of property and equipment of $7.5 million.

Net cash provided by investing activities was $49.6 million for the year ended December 31, 2023, which was primarily due to the maturity of short-term investments of $147.7 million, partially offset by purchase of short-term investments of $94.4 million and $3.7 million cash outflows for purchases of property and equipment.

Cash Flows from Financing Activities

Our cash flows provided by financing activities to date have been primarily comprised of proceeds from issuance of Class A Ordinary Shares, proceeds and repayments of short-term loans, proceeds from issuance of warrants and pre-funded warrants and proceeds from issuance of convertible promissory notes.

Net cash provided by financing activities was $63.5 million for the year ended December 31, 2024, which was primarily due to proceeds from issuance of Class A Ordinary shares, net of $45.5 million, issuance of pre-funded warrants of $15.0 million and proceeds from short-term loan, net of $3.0 million.

Net cash provided by financing activities was $24.0 million for the year ended December 31, 2023, which was primarily due to proceeds from short-term loan utilized under our credit facility in the amount of $15.0 million, net, proceeds from issuance of convertible promissory notes and warrants in the amount of $8.4 million and net proceeds from Ordinary Share issuances pursuant to the HCW Agreement under our ATM program in the amount of $0.5 million.

Contractual Obligations and Commitments

We currently lease approximately 3,300 square meters (approximately 35,520 square feet) of office space in Glil-Yam, Israel as our headquarters. This facility accommodates its principal executive, research and development, marketing, design, business development, human resources, finance, information technology, and administrative activities. The lease is for a five-year term, which expires in 2026, with the option to extend for an additional period of five years until 2031