Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 198

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 198
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 appeal is currently pending and there is no definitive timetable for a final ruling. Given the uncertainty of litigation and the preliminary stage of the lawsuit, the Company cannot estimate the reasonably possible loss or range of loss that may result from this lawsuit. As of December 31, 2024 and December 31, 2023 the Company did not

Notwithstanding the foregoing, from time to time, REE may become involved in actions, claims, suits, and other legal proceedings, such as requests to disclose information before initiating derivative cases, arising in the ordinary course of the Company's business, including but not limited to claims related to employment, intellectual property and shareholder matters.

F-25

Table of Contents

REE AUTOMOTIVE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

U. S. dollars in thousands (except share and per share data)

NOTE 10. SHAREHOLDERS’ EQUITY

Share split

On October 18, 2023, the Company effected a reverse share split of the Company’s Class A ordinary shares and Class B ordinary shares at the ratio of 1-for-30, such that (i) each thirty ( 30 one 30 one 15,890

Ordinary shares rights

Each Class A Ordinary Share has the right to exercise one

Class B Ordinary Shares, which are held by the founders, are entitled to cast ten 100

Equity transactions

a. On July 14, 2023, the Company entered into the H. C. Wainwright Agreement with H. C. Wainwright, pursuant to which the Company may offer and sell, at its option, up to $ 35,000 310,822 75,912 1,523 467

b. On March 1, 2024, the Company executed an underwriting agreement (the “ Underwriting Agreement”) between the Company and Roth Capital Partners LLC (the “ Underwriter”) pursuant to which the Company conducted an underwritten public offering (the “ Public Offering”) of 2,000,000 6.50 13,000 20-day 300,000 15 300,000 2,300,000 14,135

c. On September 15, 2024, the Company has entered into Securities Purchase Agreements (the "SPAs") with certain investors for the issuance of 7,362,930