Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 48

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 48
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successor. The specific terms of the depositary arrangement with respect to any debt securities of a series and the rights of and limitations
upon owners of beneficial interests in a global security will be described in the applicable prospectus supplement.

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DESCRIPTION OF SUBSCRIPTION RIGHTS</div>

We may issue subscription
rights to purchase our Class A ordinary shares. These subscription rights may be issued independently or together with any other security
offered hereby and may or may not be transferable by the shareholder receiving the subscription rights in such offering. In connection
with any offering of subscription rights, we may enter into a standby arrangement with one or more underwriters or other purchasers pursuant
to which the underwriters or other purchasers may be required to purchase any securities remaining unsubscribed for after such offering.

The prospectus supplement
relating to any subscription rights we offer, if any, will, to the extent applicable, include specific terms relating to the offering,
including some or all of the following:

| ● | the price, if any, for the subscription rights; |

| ● | the exercise price payable for each Class A ordinary share upon the exercise of the subscription rights; |

| ● | the number of subscription rights to be issued to each shareholder; |

| ● | the number and terms of the Class A ordinary shares which may be purchased per each subscription right; |

| ● | the extent to which the subscription rights are transferable; |

| ● | any other terms of the subscription rights, including the terms, procedures and limitations relating to the exchange and exercise of the subscription rights; |

| ● | the date on which the right to exercise the subscription rights shall commence, and the date on which the subscription rights shall expire; |

| ● | the extent to which the subscription rights may include an over-subscription privilege with respect to unsubscribed securities; and |

| ● | if applicable, the material terms of any standby underwriting or purchase arrangement which may be entered into by us in connection with the offering of subscription rights. |

The description in the applicable
prospectus supplement of any subscription rights we offer will not necessarily be complete and will be qualified in its entirety by reference
to the applicable subscription rights agreement, which will be filed with the SEC if we offer subscription rights.

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DESCRIPTION OF WARRANTS</div>

We may issue warrants to
purchase Class A ordinary shares. Warrants may be issued independently or together with any other securities and may