Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 28

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 28
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 thereof), is required by the Companies Law to make a tender offer to all of the company’s shareholders for
the purchase of all of the issued and outstanding shares of the company (or the applicable class). If (a) the shareholders who do not
accept the offer hold less than 5% of the issued and outstanding share capital of the company (or the applicable class) and the shareholders
who accept the offer constitute a majority of the offerees that do not have a personal interest in the acceptance of the tender offer
or (b) the shareholders who did not accept the tender offer hold less than 2% of the issued and outstanding share capital of the company
(or of the applicable class), all of the shares that the acquirer offered to purchase will be transferred to the acquirer by operation
of law. A shareholder who had its shares so transferred may petition an Israeli court within six months from the date of acceptance of
the full tender offer, regardless of whether such shareholder agreed to the offer, to determine whether the tender offer was for less
than fair value and whether the fair value should be paid as determined by the court. However, an offeror may provide in the offer that
a shareholder who accepted the offer will not be entitled to petition the court for appraisal rights as described in the preceding sentence,
as long as the offeror and the company disclosed the information required by law in connection with the full tender offer. If the full
tender offer was not accepted in accordance with any of the above alternatives, the acquirer may not acquire shares of the company that
will increase its holdings to more than 90% of the company’s voting rights or the company’s issued and outstanding share capital
(or of the applicable class) from shareholders who accepted the tender offer. Shares purchased in contradiction to the full tender offer
rules under the Companies Law will have no rights and will become dormant shares.

Special Tender Offer

The Companies Law provides that an acquisition of shares of an Israeli
public company must be made by means of a special tender offer if as a result of the acquisition the purchaser would become a holder of
25% or more of the voting rights in the company. This requirement does not apply if there is already another holder of 25% or more of
the voting rights in the company. Similarly, the Companies Law provides that an acquisition of shares of an Israeli public company must
be made by means of a special tender offer if as a result of the acquisition the purchaser would become a holder of more than