Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 29

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 29
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 but for the separate approval of each class or the exclusion of the votes of
certain shareholders as provided above, a court may still approve the merger upon the request of holders of at least 25% of the voting
rights of a company, if the court holds that the merger is fair and reasonable, taking into account the valuation of the merging companies
and the consideration offered to the shareholders. If a merger is with a company’s controlling shareholder or if the controlling
shareholder has a personal interest in the merger, then the merger is instead subject to the same special majority approval that governs
all extraordinary transactions with controlling shareholders.

Under the Companies Law, each merging company must deliver to its secured
creditors the merger proposal and inform its unsecured creditors of the merger proposal and its content. Upon the request of a creditor
of either party to the proposed merger, the court may delay or prevent the merger if it concludes that there exists a reasonable concern
that, as a result of the merger, the surviving company will be unable to satisfy the obligations of the merging company, and may further
give instructions to secure the rights of creditors.

In addition, a merger may not be completed unless at least 50 days
have passed from the date that a proposal for approval of the merger is filed with the Israeli Registrar of Companies and 30 days from
the date that shareholder approval of both merging companies is obtained.

<div align='center'>S-16</div>

Anti-Takeover Measures

The Companies Law allows us to create and issue shares having rights
different from those attached to Ordinary Shares, including shares providing certain preferred rights with respect to voting, distributions
or other matters and shares having preemptive rights. As of the date hereof, no preferred shares have been authorized under REE’s
Amended and Restated Articles. In the future, if REE authorizes, creates and issues a specific class of preferred shares, such class of
shares, depending on the specific rights that may be attached to it, may have the ability to frustrate or prevent a takeover or otherwise
prevent its shareholders from realizing a potential premium over the market value of Ordinary Shares. The authorization and designation
of a class of preferred shares will require an amendment to REE’s Amended and Restated Articles which requires the prior approval
of the holders of a majority of the voting power of REE participating or otherwise represented in the shareholders’ meeting, provided
that a quorum is present or otherwise represented at the meeting, and provided further