Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 26

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 26
---

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 45% of the
voting rights in the company, if there is no other shareholder of the company who holds more than 45% of the voting rights in the company.
These requirements do not apply if (i) the acquisition occurs in the context of a private placement by the company that received shareholder
approval as a private placement whose purpose is to give the purchaser 25% or more of the voting rights in the company, if there is no
person who holds 25% or more of the voting rights in the company or as a private placement whose purpose is to give the purchaser 45%
of the voting rights in the company, if there is no person who holds 45% of the voting rights in the company, (ii) the acquisition was
from a shareholder holding 25% or more of the voting rights in the company and resulted in the purchaser becoming a holder of 25% or more
of the