Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 20

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 20
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 holders of Class A Ordinary Shares in proportion to their shareholdings. This right,
as well as the right to receive dividends, may be affected by the grant of preferential dividend or distribution rights to the holders
of a class of shares with preferential rights which may be authorized in the future.

Repurchase

Class A Ordinary Shares may be repurchased subject to compliance with
the Companies Law and the regulations promulgated thereunder, in such manner and under such terms as its board of directors shall determine.

Class B Ordinary Shares

Issuance of Class B Ordinary Shares

Class B Ordinary Shares may be issued only to, and registered in the
names of, Daniel Barel and Ahishay Sardes and (i) any entities wholly-owned by Daniel Barel or Ahishay Sardes (each, a “Founder”),
or (ii) a spouse upon divorce, as required by settlement, order or decree, or as required by a domestic relations settlement, order or
decree, and (iii) the other Founder solely upon the death or permanent disability of the other Founder; provided that in the case of subparagraphs
(i) and (ii) the Founder retains the sole power to vote the Class B Ordinary Shares held by such entity or spouse (collectively, “Permitted
Class B Owners”).

Voting Rights

Holders of Class B Ordinary Shares are entitled to cast ten votes per
each Class B Ordinary Share held as of the applicable record date. Generally, holders of all classes of Ordinary Shares vote together
as a single class on all matters (including the election of directors), and an action is approved by REE shareholders if the number of
votes cast in favor of the action exceeds the number of votes cast in opposition to the action.

Specific actions set forth in REE’s Amended and Restated Articles
may not be effected by REE without the prior affirmative vote of 100% of the outstanding Class B Ordinary Shares, voting as a separate
class. Such actions include the following:

| ● | directly or indirectly, whether by amendment, or through merger, recapitalization,                                                              
 consolidation or otherwise, amend or repeal, or adopt any provision of our Amended and Restated Articles inconsistent with, or otherwise        
 alter, any provision of its Amended and Restated Articles that modifies the voting, conversion or other rights, powers, preferences, privileges 
 or restrictions of the Class B Shares;                                                                                                          |

| ● | reclassify any outstanding Class A Ordinary Shares into