Company: REE
Filing Date: 2025-03-27
Form Type: 424B5
Source: 0001013762-25-003025
Chunk: 29

Company: REE Automotive Ltd.
Filing Date: 2025-03-27
Form: 424B5
Chunk 29
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 45% of the
voting rights in the company, if there is no other shareholder of the company who holds more than 45% of the voting rights in the company.
These requirements do not apply if (i) the acquisition occurs in the context of a private placement by the company that received shareholder
approval as a private placement whose purpose is to give the purchaser 25% or more of the voting rights in the company, if there is no
person who holds 25% or more of the voting rights in the company or as a private placement whose purpose is to give the purchaser 45%
of the voting rights in the company, if there is no person who holds 45% of the voting rights in the company, (ii) the acquisition was
from a shareholder holding 25% or more of the voting rights in the company and resulted in the purchaser becoming a holder of 25% or more
of the voting rights in the company, or (iii) the acquisition was from a shareholder holding more than 45% of the voting rights in the
company and resulted in the purchaser becoming a holder of more than 45% of the voting rights in the company. A special tender offer must
be extended to all shareholders of a company. A special tender offer may be consummated only if (i) at least 5% of the voting power attached
to the company’s outstanding shares will be acquired by the offeror and (ii) the number of shares tendered in the offer exceeds
the number of shares whose holders objected to the offer (excluding the purchaser, its controlling shareholders, holders of 25% or more
of the voting rights in the company and any person having a personal interest in the acceptance of the tender offer, or anyone on their
behalf, including any such person’s relatives and entities under their control).

In the event that a special tender offer is made, a company’s
board of directors is required to express its opinion on the advisability of the offer, or shall abstain from expressing any opinion if
it is unable to do so, provided that it gives the reasons for its abstention. The board of directors shall also disclose any personal
interest that any of the directors has with respect to the special tender offer or in connection therewith. An office holder in a target
company who, in his or her capacity as an office holder, performs an action the purpose of which is to cause the failure of an existing
or foreseeable special tender offer or is to