Core Viewpoint - REE Automotive Ltd. has successfully entered into securities purchase agreements for the sale of 2,219,176 ordinary shares at $4.25 per share, raising approximately $9.4 million in gross proceeds, which will be used for working capital and general corporate purposes [1][3]. Group 1: Securities Offering - The total proceeds from the registered direct offering, including a previous announcement, amount to $36.4 million, with Motherson Group leading the investment [2]. - The offering involves a total of 8,595,807 shares issued in the current and prior offerings combined [2]. - The offering is expected to close on or about March 27, 2025, pending customary closing conditions [1]. Group 2: Strategic Partnerships and Revenue Potential - A memorandum of understanding (MOU) has been announced, which could generate up to $770 million in potential revenue from a collaboration with a global technology company [5]. - This MOU is seen as a significant commercial development, indicating growing interest in REE's software-defined vehicle (SDV) technology across various vehicle segments [5]. Group 3: Business Momentum and Production Plans - The company is focused on ramping up to mass production, supported by its largest shareholders, Motherson Group and M&G Investments [6]. - REE aims to deliver its flagship P7-C electric truck in the first half of 2025, targeting nearly $1 billion in reservations [9][10].