Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 32

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 32
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, including shares providing certain preferred rights with respect to voting, distributions
or other matters and shares having preemptive rights. As of the date hereof, no preferred shares have been authorized under REE’s
Amended and Restated Articles. In the future, if REE authorizes, creates and issues a specific class of preferred shares, such class of
shares, depending on the specific rights that may be attached to it, may have the ability to frustrate or prevent a takeover or otherwise
prevent its shareholders from realizing a potential premium over the market value of Ordinary Shares. The authorization and designation
of a class of preferred shares will require an amendment to REE’s Amended and Restated Articles which requires the prior approval
of the holders of a majority of the voting power of REE participating or otherwise represented in the shareholders’ meeting, provided
that a quorum is present or otherwise represented at the meeting, and provided further, that in the event that such class of preferred
shares shall have the right to more than one (1) vote for each share thereof, such authorization and designation shall also require the
affirmative vote of 100% of the outstanding Class B Ordinary Shares, voting as a separate class. The convening of the meeting, the shareholders
entitled to participate and the vote required to be obtained at such a meeting will be subject to the requirements set forth in the Companies
Law and REE’s Amended and Restated Articles, as described above under the paragraphs titled “- Shareholder Meetings,”
“- Quorum” and “- Vote Requirements.”

Borrowing Powers

Pursuant to the Companies Law and REE’s Amended and Restated
Articles, REE’s board of directors may exercise all powers and take all actions that are not required under law or under its Amended
and Restated Articles to be exercised or taken by its shareholders, including the power to borrow money for company purposes.

Changes in Capital

REE’s Amended and Restated Articles enable it to increase or
reduce its share capital, provided that the creation of a new class of shares with more than one vote per share shall be considered a
modification of the Class B Ordinary Shares. Any such changes are subject to Israeli law and must be approved by a resolution duly passed
by REE’s shareholders at a general meeting of shareholders, provided that modification to the rights attached to the Class B Ordinary
Shares shall require approval of shareholders holding 100% of the then issued Class B Ordinary Shares. In