Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 107

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 107
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In the UK, we entered into a lease agreement for the UK Engineering Centre and Launch Factory, which is located in Coventry, UK. The facility is approximately 130,000 square feet (approximately 12,077 square meters), under a lease agreement that expires in 2032. We utilize this facility for engineering, process validation activities, along with product assembly operations. In addition, we have a lease in Warwickshire with MIRA Technology Park which we utilizes as a testing facility, the agreement expired in April 2025 and has not been renewed as of the date of this Annual Report.

In the U. S., we entered into a lease agreement for its Austin, Texas headquarters. The facility is approximately 118,132 square feet (10,975 square meter), under a lease agreement that expires in 2032. In 2024, we partially subleased this facility to a third party, which was terminated in early 2025. REE does not currently utilize this facility for any material operations and is currently exploring other uses for this facility, including subleasing such space to others.

In 2024, we entered into an agreement with Roush Industries to serve as our contract manufacturer for the assembly and integration of our SDVs. The assembly and integration space is located at their Southeast, Michigan facility with approximately 47,200 square feet (approximately 4,385 square meters) of dedicated space for production, warehousing, transfer to production, assembly, testing, and storage, including both inside and outside. This space is currently being prepared for our vehicle assembly and integration activity. The agreement is for one year, with options for extension (two options for an additional 12-month period and an option for an additional 4-month period).

The following table summarizes our 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 our balance sheet, while other are disclosed as future obligations. This table is not meant to represent a forecast of our total cash expenditures for any of the periods presented.

Table of C ontents

                                   Payments due by period                                                                                      
                                   Total                                   Less than 1 year                  1-5 years                         
                                   USD in thousands                                                                                            
  Contractual obligations:                                                                                                                     
  Operating lease obligations      $                           22,306                             4,458                     11,111      6,737  
  Purchase obligations                                         26,200                            26,200      —