Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 15

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 15
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 securities convertible into or exchangeable for our Ordinary Shares in
future transactions may be higher or lower than the price of the securities. Our shareholders will incur dilution upon exercise of any
outstanding stock options, warrants or other convertible securities or upon the issuance of Ordinary Shares under our share incentive
programs.

This offering is being conducted on a “reasonable best efforts” basis.

The Placement Agent is offering the Ordinary Share
on a “reasonable best efforts” basis, and the Placement Agent is under no obligation to purchase any securities for its own
account. The Placement Agent is not required to sell any specific number or dollar amount of securities in this offering but will use
its best efforts to sell the securities offered in this prospectus supplement. As a “reasonable best efforts” offering, there
can be no assurance that the offering contemplated hereby will ultimately be consummated.

<div align='center'>S-6

USE OF PROCEEDS</div>

We estimate the net proceeds
to us from the sale of the Ordinary Shares offered by us in this offering will be approximately $25.0 million after deducting the placement
agent commissions and estimated offering expenses that are payable by us.

We intend to use the net proceeds
we receive from the sale of the Ordinary Shares for general working capital. The timing and amount of our actual expenditures will be
based on many factors, including cash flows from operations and the anticipated growth of our business. As a result, our management will
have broad discretion to allocate the net proceeds of this offering.

Pending
our use of the net proceeds from this offering, we may invest the net proceeds in a variety of capital preservation investments, including
short-term, investment grade, interest bearing instruments and U.S. government securities.

<div align='center'>S-7

CAPITALIZATION</div>

The following table sets forth
our cash and cash equivalents and our capitalization as of September 30, 2024:

| ● | on an actual basis; and                                                                                                                           |
| ● | on as adjusted basis, to give effect to the sale of 6,376,631 Ordinary Shares in this offering at the offering price of $4.25 per Ordinary Share. |

You should read this table
in conjunction with our Interim Consolidated Financial Statements (unaudited) as of and for the three, six and nine months ended September
30, 2024, attached as Exhibit 99.1 to our Report on Form 6-K filed on December 17, 2024,