Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 207

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 207
---
843      $            $        
  Total                          $                      28,843      $            $        

                                            December 31, 2024                                                    
                                            Level 1                Level 2                  Level 3              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Liabilities:                                                                                                   
  Derivative liabilities at fair value      $                      $            —           $            12,875  
  Warrants liability                        —                                   32,140                    9,010  
  Total                                     $                      $            32,140      $            21,885  

F-35

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 15. FAIR VALUE MEASUREMENTS(cont.)

                                 December 31, 2023                                                 
                                 Level 1                         Level 2                  Level 3  
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Assets:                                                                                          
  Money market fund              $                      710      $            —           $        
  Bank deposits                  —                                            44,395      —        
  Total                          710                                          44,395      —        
  Amounts included in:                                                                             
  Cash and cash equivalents      $                      710      $            —           $        
  Short-term investments         —                                            44,395      —        
  Total                          $                      710      $            44,395      $        

                                            December 31, 2023                                       
                                            Level 1                Level 2      Level 3             
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Liabilities:                                                                                      
  Derivative liabilities at fair value      $                      $            $            4,126  
  Warrants liability                        —                      —                         3,400  
  Total                                     $                      $            $            7,526  

Fair value of warrants liability

The Warrants issued as part of the SPAs mentioned in Note 13 were valued using Black Scholes Option Pricing Model, which is considered to be a Level 3 fair value measurement. As part of the inputs used in the Black-Scholes model to determine the fair value of these Warrants, the expected volatility of the Class A Ordinary shares was estimated based on