Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 151

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 151
---
 Holders holding specified foreign financial assets with an aggregate value in excess of the applicable dollar thresholds are required to report information to the IRS relating to Class A Ordinary Shares subject to certain exceptions (including an exception for Class A Ordinary Shares held in accounts maintained by U. S. financial institutions), by attaching a complete IRS Form 8938 (Statement of Specified Foreign Financial Assets) with their tax return for each year in which they hold Class A Ordinary Shares. Substantial penalties apply to any failure to file IRS Form 8938 and the period of limitations on assessment and collection of U. S. federal income taxes will be extended in the event of a failure to comply. U. S. Holders are urged to consult their tax advisors regarding the effect, if any, of these rules on the ownership and disposition of Class A Ordinary Shares.

Non-U. S. Holders

The section applies to Non-U. S. Holders of Class A Ordinary Shares and Warrants. For purposes of this discussion, a Non-U. S. Holder means a beneficial owner (other than a partnership or an entity or arrangement so characterized for U. S. federal income tax purposes) of Class A Ordinary Shares or Warrants that is for U. S. federal income tax purposes not a U. S. Holder, including:

• a nonresident alien individual, other than certain former citizens and residents of the U. S. subject to U. S. tax as expatriates;

• a foreign corporation; or

• a foreign estate or trust;

but generally does not include a beneficial owner who has been or is engaged in the conduct of a trade or business within the U. S. or an individual who is present in the U. S. for 183 days or more in the taxable year of the disposition of Class A Ordinary Shares or Warrants (except to the extent discussed below). If you are such an individual, you should consult your tax advisor regarding the U. S. federal income tax consequences of exercising redemption rights with respect to 10X Capital Common Stock or the ownership and disposition of Class A Ordinary Shares or Warrants.

U. S. Federal Income Tax Consequences of the Ownership and Disposition of Class A Ordinary Shares and Warrants to Non-U. S. Holders

Subject to the discussion below concerning backup withholding, any (i) dividends of cash or property (including constructive distributions treated as dividends as further described under the heading “ U. S. Holders - U. S. Federal Income Tax Consequences of the Ownership