Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 8

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 8
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,631 of our Ordinary
Shares at a purchase price of $4.25 per ordinary share (the “March 18 Offering). The offering closed on March 19, 2025,
and resulted in gross proceeds of approximately $27.1 million.

Non-Binding Memorandum of Understanding with Global Technology Company

On
March 18, 2025, we announced that we had entered into a non-binding memorandum of understanding (“MOU”) with a global technology
company developing and marketing new mobility solutions for passenger and freight transport. The MOU outlines the parties’ intent
to develop and produce multiple thousands of Level 4 (L4) autonomous shuttles. The parties intend to sign a strategic collaboration agreement
by year-end 2025, which is estimated to generate up to $770 million in potential revenues over the next five years. The expected launch
of the first production vehicles is as early as 2027. The potential collaboration aims to leverage REE’s Federal Motor Vehicle Safety
Standards (FMVSS) certified P7 platform and its Unified Architecture (RUA) of ultra-high-performance System on Chip (SOC) designed for
real-time complex decision making on vehicle dynamics, safety, energy management, redundancy and autonomy. Autonomous vehicle operators
benefit from deep data insights that drive predictive maintenance and could improve uptime, which can reduce total cost of ownership.
With software-defined control at the core of its zonal architecture, REE’s vehicles offer significant flexibility and an effort
to future-proof SDV for emerging mobility solutions.

Corporate Information

Our registered office and
principal place of business is located at Kibbutz Glil-Yam, Israel 4690500 and our telephone number in Israel is +972 (77) 899-5200. Our
website address is https://ree.auto/. The information contained on our website or available through our website does not constitute part
of this prospectus. Our registered agent in the United States is Puglisi & Associates, whose address is 850 Library Avenue, Newark,
Delaware 19711, and its telephone number is +1 (302) 738-6680.

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THE OFFERING

| Ordinary Shares offered by us                                     |     | 2,219,176 Ordinary                                                                                                                                                                                                                                                                                                                                                                                                                                      
 Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Ordinary Shares to be outstanding immediately after this offering |     | 27,523,760 Ordinary                                                                                                                                                                                                                                                                                                                                                                                                                                     
 Shares