Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 16

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 16
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 Ordinary Share. |

<div align='center'>S-8

DESCRIPTION OF THE SECURITIES WE ARE OFFERING</div>

We are offering 6,376,631
Ordinary Shares through this prospectus supplement and the accompanying prospectus.

Ordinary Shares

This section summarizes the material rights of our shareholders of
under Israeli law, and the material provisions of REE’s Amended and Restated Articles.

Share Capital

The authorized share capital of the company consists of 55,333,333
Class A ordinary shares, without par value (“Class A Ordinary Shares”), and 2,780,570 Class B ordinary shares, without par
value (“Class B Ordinary Shares”).

All of the outstanding ordinary shares are validly issued, fully paid
and non-assessable. The ordinary shares are not redeemable and do not have any preemptive rights.

Other than with respect to Class B Ordinary Shares, REE’s board
of directors may determine the issue prices and terms for such shares or other securities, and may further determine any other provision
relating to such issue of shares or securities. REE may also issue and redeem redeemable securities on such terms and in such manner as
REE’s board of directors shall determine.

The following descriptions of share capital and provisions of the Amended
and Restated Articles are summaries and are qualified by reference to our Amended and Restated Articles.

Class A Ordinary Shares

Voting Rights

Holders of Class A Ordinary Shares are entitled to cast one vote per
each Class A 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.

Transfer of Shares

Fully paid Class A Ordinary Shares are issued in registered form and
may be freely transferred under its Amended and Restated Articles, unless the transfer is restricted or prohibited by another instrument,
applicable law or the rules of Nasdaq. The ownership or voting of Ordinary Shares by non-residents of Israel is not restricted in any
way by our Amended and Restated Articles or the laws of the State of Israel, except for ownership by nationals of some countries that
at the time are, or have been, in a state of war with Israel.

Dividend Rights

REE may declare a dividend to be paid to the holders of