Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 35

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 35
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 issuance of any Ordinary Shares or ordinary share equivalents,
or (ii) file any registration statement or prospectus, or any amendment or supplement thereto, subject to certain exceptions.

We have also agreed, subject to certain exceptions, until September
19, 2025, not to (i) issue or sell any debt or equity securities that are convertible into, exchangeable or exercisable for, or include
the right to receive, additional Ordinary Shares either (A) at a conversion price, exercise price or exchange rate or other price that
is based upon, and/or varies with, the trading prices of or quotations for the Ordinary Shares at any time after the initial issuance
of such debt or equity securities or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date
after the initial issuance of such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly
related to our business or the market for our Ordinary Shares or (ii) enter into, or effect a transaction under, any agreement, including,
but not limited to, an equity line of credit or an “at-the-market offering”, subject certain exceptions. However, following
the expiration of the Lock-Up Period, the issuance of Ordinary Shares pursuant to both (i) that certain ATM Equity Offering Sales Agreement,
dated August 16, 2022, between the Company and BofA Securities, Inc.; and (ii) that certain At The Market Offering Agreement, dated July
14, 2023, between the Company and H.C. Wainwright & Co., LLC, is permitted provided that such sales are made at a price greater than
$6.50 per share.

Regulation M

The Placement Agent may be
deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act, and any commissions received by it and any profit
realized on the resale of the securities sold by it while acting as principal might be deemed to be underwriting discounts or commissions
under the Securities Act. As underwriter, the Placement Agent would be required to comply with the requirements of the Securities Act
and the Exchange Act, including, without limitation, Rule 415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the
Exchange Act. These rules and regulations may limit the timing of purchases and sales of Ordinary Shares by the Placement Agent acting
as principal. Under these rules and regulations, the placement agents: