Company: REE
Filing Date: 2025-03-19
Form Type: 6-K
Source: 0001213900-25-024818
Chunk: 1

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 6-K
Chunk 1
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 customary exceptions, during the sixty (60)-day period following the closing date
of the offering. Additionally, the Company agreed that for a period of sixty (60) days from the closing date of the offering, it will
not: (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any ordinary shares or equivalent securities;
or (ii) file any registration statement or amendment or supplement thereto (other than on Form S-8 or in connection with the registration
for resale of the ordinary shares underlying warrants issued in the concurrent private placement, as described below). In addition, the
Company agreed that it will not conduct any sales of ordinary shares or equivalent securities involving a variable rate transaction (as
defined in the Purchase Agreement) for a period of six (6) months from the closing date of the offering, subject to certain exceptions
as described in the Purchase Agreement.

On March 18, 2025, the
Company entered into a Placement Agency Agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global
Partners (“A.G.P.” or the “Placement Agent”), pursuant to which the Company engaged A.G.P. as the exclusive
placement agent in connection with the offering. The Placement Agent agreed to use its best efforts to arrange for the sale of the
Securities. In addition, pursuant to the terms of the Placement Agency Agreement the Company will pay the Placement Agent a
placement agent fee in cash equal to eight percent (8%) of the aggregate gross proceeds raised in the offering from certain
investors, provided, however that the cash fee shall be two percent (2%) with respect to proceeds raised from certain other
investors and certain existing shareholders of the Company. The Company agreed to reimburse the Placement Agent at closing for legal
and other accountable expenses incurred by them in connection with the offering in an aggregate amount not to exceed
$70,000. The Company also agreed to reimburse the Placement Agent at closing for certain non-accountable expenses in an
aggregate amount not to exceed $10,000.

The legal opinion of Herzog
Fox & Neeman relating to the legality of the issuance and sale of the ordinary shares is attached as Exhibit 5.1 to this Report of
Foreign Private Issuer on Form 6-K (this “Form “6-K”).

The foregoing summaries of
the Purchase Agreement and the Placement Agency Agreement do not purport to be complete and are subject to, and qualified in their entirety
by, such