IPO - REE Automotive Ltd.

Form Type: 424B5

Filing Date: 2025-03-27

Corporate Action: Ipo

Type: New

Accession Number: 000101376225003025

Filing Summary: REE Automotive Ltd. is offering 2,219,176 Class A ordinary shares at a purchase price of $4.25 to institutional and accredited investors. The offering is part of a prospectus supplement relating to a preliminary offering registered under Rule 424(b)(5) with the SEC. The company operates as a foreign private issuer eligible for reduced reporting requirements. It aims to utilize the proceeds from the share issuance for general working capital needs. The prospectus details risks associated with investing in its securities, including political instability in Israel which could impact operations and financing opportunities. They have also recently engaged in a securities purchase agreement resulting in substantial gross proceeds. REE is focusing on commercial electric vehicles built around its proprietary technology, the REEcorner, aimed at enhancing operational efficiency for delivery and logistics fleets. The expected delivery for the offered shares is on March 27, 2025.

Form Type: 424B5

Filing Date: 2025-03-19

Corporate Action: Ipo

Type: New

Accession Number: 000121390025024847

Filing Summary: REE Automotive Ltd. is offering 6,376,631 Class A ordinary shares at a price of $4.25 each to institutional and accredited investors. The offering, detailed in the preliminary prospectus supplement, follows a securities purchase agreement with the investors dated March 18, 2025. The Ordinary Shares are traded on Nasdaq under the symbol 'REE,' with the last reported sale price being $6.57 on March 17, 2025. The net proceeds from the offering will be used for general working capital. A.G.P./Alliance Global Partners acts as Placement Agent, receiving fees based on the proceeds from the offering. The delivery of shares is expected around March 19, 2025, pending customary closing conditions. Furthermore, on March 18, 2025, the company entered a non-binding memorandum of understanding with a global technology firm to develop Level 4 autonomous shuttles, which could generate up to $770 million in revenues over five years, reinforcing REE's commitment to innovative electric vehicle solutions.