Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 23

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 23
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 to repurchase.

Exchange Controls

There are currently no Israeli currency control restrictions on remittances
of dividends on Class A Ordinary Shares, proceeds from the sale of the Class A Ordinary Shares or interest or other payments to non-residents
of Israel, except for shareholders who are subjects of countries that at the time are, or have been, in a state of war with Israel.

Registration Rights

Concurrently with the execution and delivery of the Agreement and Plan
of Merger, dated as of February 3, 2021, by and among 10X Capital Venture Acquisition Corp (“10X Capital”), REE and Merger
Sub (the “Merger Agreement”), 10X Capital, its executive officers and directors (the “Insiders”), 10X Capital
SPAC Sponsor I LLC (the “Sponsor”) and certain of the shareholders of REE entered into an Amended and Restated Investors’
Rights Agreement (the “Investors’ Rights Agreement”), which became effective on July 23, 2021, pursuant to which REE
filed a registration statement registering the resale of certain registrable securities under the Securities Act of 1933, as amended (the
“Securities Act”). REE has also agreed to provide customary “piggyback” registration rights with respect to such
registrable securities and to file a resale shelf registration statement to register the resale under the Securities Act of such registrable
securities, subject to required notice provisions to other shareholders party thereto. REE has also agreed to file a resale shelf registration
statement to register the resale of Class A Ordinary Shares and warrants held by the Sponsor.

The Investors’ Rights Agreement also provides that the Sponsor
shall not transfer any of its Class A Ordinary Shares issued in connection with REE’s business combination with 10X Capital (the
“Merger”) until (i) with respect to 25% of such shares, the date that is 90 days following the closing date of the Merger
on July 22, 2021 (the “Closing Date”), and (ii) with respect to 75% of such shares, the first to occur of (x) the date that
is 12 months following the Closing Date and (y) such time as the closing price of the Class A Ordinary Shares equals or exceeds $13.00
per share for any twenty (20) trading days within any thirty (30) consecutive trading days following the Closing Date. Further, each Insider
shall not