Company: REE
Filing Date: 2025-03-19
Form Type: 424B5
Source: 0001213900-25-024847
Chunk: 17

Company: REE Automotive Ltd.
Filing Date: 2025-03-19
Form: 424B5
Chunk 17
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 Class A Ordinary
Shares in proportion to their respective shareholdings. Under the Israeli Companies Law, 5759-1999, (the “Companies Law”),
dividend distributions are determined by the board of directors and do not require the approval of the shareholders of a company unless
the company’s articles of association provide otherwise. REE’s Amended and Restated Articles do not require shareholder approval
of a dividend distribution and provide that dividend distributions may be determined by its board of directors.

Pursuant to the Companies Law, subject to certain exceptions with respect
to the buyback of our Class A Ordinary Shares , the distribution amount is limited to the greater of retained earnings or earnings generated
over the previous two years, according to the company’s most recently reviewed or audited financial statements (less the amount
of previously distributed dividends, if not reduced from the earnings), provided that the end of the period to which the financial statements
relate is not more than six months prior to the date of the distribution. If REE does not meet such criteria, then it may distribute dividends
only with court approval. In each case, REE is only permitted to distribute a dividend if its board of directors and, if applicable, the
court determines that there is no reasonable concern that payment of the dividend will prevent REE from satisfying its existing and foreseeable
obligations as they become due.

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Liquidation Rights

In the event of REE’s liquidation, after satisfaction of liabilities
to creditors, its assets will be distributed to the 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