REE Automotive Ltd. Initiates Review of Strategic Alternatives

REE Automotive Ltd. announced on May 1, 2026, the initiation of a review of strategic alternatives to maximize shareholder value, in addition to its ongoing Cost-Reduction Plan. These alternatives may include a potential sale of the company or its assets, a merger, strategic partnership, licensing opportunities, or other strategic transactions. The company has engaged TD Securities (USA) LLC as its financial advisor and expects the process to proceed on an expedited basis. REE Automotive cautions that there is no guarantee that this review will result in any transaction or that any transaction will enhance shareholder value. The process may also disrupt business operations, divert management attention, and affect employee retention and business relationships. The company does not intend to provide further updates unless the Board of Directors approves a specific transaction or deems further disclosure necessary. Investors are advised that forward-looking statements are subject to risks and uncertainties.