Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 19

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 19
---
, 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 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.

<div align='center'>S-9</div>

Liquidation Rights

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