In consideration for the Acquisition, the Company has paid to VRR $1,000,000 in cash, and issued to them 4,000,000 common shares (the "Shares") of the Company on the following basis: 500,000 Shares are issued and subject to resale restrictions ending November 20, 2024; 1,500,000 Shares are subject to resale restrictions ending July 19, 2025; 1,500,000 Shares are subject to resale restrictions ending July 19, 2026; and 500,000 Shares are subject to resale restrictions ending January 19, 2027. About the Hecla ...

Maybe just following up on that last line of questioning, Daniel, is the applications for these new partners, are those also in the commercial vehicle space or are they more diversified? Any details there would be helpful. Your next question comes from the line of Jeff Osborne from TD Cowen. Jeff Osborne Daniel Barel I think that the majority of what we can say that we're concentrating on commercial vehicles, but there is, there are, once you integrate into large OEMs, naturally there is an evolution into o ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. REE Automotive shares have lost about 8.6% since the beginning of the year versus the S&P 500's gain of 10.4%. What's Next for REE Automotive? While REE Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers ...

Exhibit 99.1 REE Automotive Reports First Quarter 2024 Financial Results: Deliveries to Customers Have Begun Including to Penske, U-Haul and Airbus Q1 2024 and Recent Highlights: Business: Technology: ● P7-C is the first full by-wire truck to achieve U.S. FMVSS and EPA certifications. P7-C vehicles are now eligible for a U.S. federal tax credit of up to $40,000 per vehicle and are expected to be eligible for over $100,000 of incentives per vehicle with additional state incentives. TEL AVIV (May 30, 2024) – ...

TEL AVIV, Israel, May 30, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results and operational highlights for the three months ended March 31, 2024. "We started 2024 with strong momentum and catalytic milestones, from achieving U.S. certification to starting to deliver trucks against our order book as part of our demo program with our dealers acro ...

Penske Truck Leasing begins to offer Powered by REE® Electric Vehicles to its customers U-Haul received Powered by REE electric platform and is evaluating it as the first solution to support the electrification of its fleet Airbus and REE collaborate on an autonomous program utilizing REE's P7-C full by-wire and autonomous-ready technology, which opens REE to new autonomous driving markets Demo program underway, with a growing number of trucks already delivered and an increasing number of fleets that contin ...

Highlights Zircon supply is currently limited but is essential in high-growth industries like ceramics, electronics and nuclear energy, which are experiencing increasing demand globally. Initial and historical exploration assay results indicate the potential for significant Zircon co-product potential alongside Rare Earths (REEs) processing at ARR's flagship Halleck Creek project. Zirconium can be easily separated and upgraded, owing to its density, as part of the REEs preconcentration steps in the Halleck ...

TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its first quarter 2024 financial results before market open on Thursday, May 30, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended March 31, 2024 , discuss recent events and con ...

TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its first quarter 2024 financial results before market open on Thursday, May 30, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended March 31, 2024 , discuss recent events and co ...

REE’s class 4 software-driven commercial EV was approved for the Massachusetts MOR-EV truck incentive which, when combined with the federal credit, could total up to $70,000 in cost savings per vehicle Available for orders now at regional dealers in Massachusetts and across the U.S. TEL AVIV, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it was approved for the Massachus ...