Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 0

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)

Registration No. 333-266902

PRELIMINARY PROSPECTUS SUPPLEMENT

(To Prospectus dated August 25, 2022)

<div align='center'>REE Automotive Ltd.

2,219,176 Ordinary Shares</div>

We are offering 2,219,176 Class A ordinary shares, no par value (“Ordinary
Shares”) to certain institutional and accredited investors (the “Investors”) pursuant to this prospectus supplement
and the accompanying prospectus and a securities purchase agreement, dated March 26, 2025, between us and the Investors. The purchase
price of each Ordinary Share is $4.25.

Our Ordinary Shares trade on the Nasdaq Capital Market (“Nasdaq”)
under the symbol “REE.” On March 25, 2025, the last sale price of the Ordinary Shares as reported on Nasdaq was $3.80 per
share.

We are a “foreign private
issuer”, as defined in Rule 405 under the Securities Act, and are eligible for reduced public company reporting requirements.

Investing in our securities involves risks. See “Risk Factors” beginning on page S-3 of this prospectus supplement and on page 4 of the accompanying prospectus, as well as the risk factors and other information contained in our annual report on Form 20-F for the year ended December 31, 2023, which is incorporated by reference into this prospectus supplement, for information regarding risks you should consider before investing in our securities.

None of the Securities and Exchange Commission, any state securities commission or the Israel Securities Authority has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

We have engaged A.G.P./Alliance
Global Partners (the “Placement Agent”) to act as Placement Agent in connection with this offering. The Placement Agent has
agreed to use its reasonable best efforts to arrange for the sale of the Ordinary Shares offered by this prospectus supplement and accompanying
prospectus, but the Placement Agent may be unable to sell all of the Ordinary Shares being offered hereby. The Placement Agent is not
purchasing or selling any of the Ordinary Shares we are offering, and the Placement Agent is not required to arrange the purchase or sale
of any specific number or dollar amount of Ordinary Shares. We have agreed to pay to the Placement Agent the commissions set forth in