Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 28

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 28
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 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 meeting of shareholders
of the other merging company, or by a person or entity holding the right to appoint 25% or more of the directors of the other merging
company, unless a court rules otherwise, the merger will not be deemed approved if a majority of the shares voted on the matter at the
general meeting of shareholders (excluding abstentions) that are held by shareholders other than the other party to the merger, or by
any person or entity who holds 25% or more of the voting rights of the other party or the right to appoint 25% or more of the directors
of the other party, or any one on their behalf including their relatives or corporations controlled by any of them, vote against the merger.
In addition, if the non-surviving entity of the merger has more than one class of shares, the merger must be approved by each class of
shareholders. If the transaction would have been approved