REE Announces Proposed Public Offering of Ordinary Shares

February 29, 2024

https://www.globenewswire.com/news-release/2024/02/29/2838480/0/en/REE-Announces-Proposed-Public-Offering-of-Ordinary-Shares.html

TEL AVIV, Israel, Feb. 29, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq:REE) (“REE” or the “Company”), today announced that it has launched a public offering to offer and sell its Class A ordinary shares (the “ordinary shares”). The Company expects to grant the underwriter a 20-day option to purchase up to an additional 15% of the number of ordinary shares sold in the offering to cover over-allotments, if any. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering will be completed, or as to the actual size or terms of the offering.

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