Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 196

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 196
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 “ Credit Facility”) in the amount of $ 15,000 3.5 20,000 18,000 18,000 0.25

As of December 31, 2024 and 2023 the Company has utilized $ 18,000 15,000 7.86 8.86

For the years ended December 31, 2024 and 2023, the Company recorded interest expenses in the amount of $ 41 19

F-22

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 8. OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Other accounts payables and accrued expenses consisted of the following at December 31, 2024 and 2023, respectively:

                                      December 31, 2024                 December 31, 2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Employees and payroll accruals      $                      5,821      $                       5,703  
  Professional fees                   128                               578                            
  Non recurring engineering           417                                                       5,867  
  Government authorities              261                               310                            
  Other payables                                             1,339                              1,588  
  Total                               $                      7,966      $                      14,046  

F-23

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 9. COMMITMENTS AND CONTINGENT LIABILITIES

Commitments

The following table summarizes REE’s contractual obligations and other commitments for cash expenditures as of December 31, 2024, and the years in which these obligations are due. Certain obligations are reflected in the balance sheet, while other are disclosed as future obligations. This table is not meant to represent a forecast of the Company’s total cash expenditures for any of the periods presented.

             Purchase commitments  
  2025       $26,200               
  Total      $26,200               

Open purchase orders that are cancellable are not considered unconditional purchase obligations