REE Automotive Ltd. has been granted a 180-day extension by Nasdaq to meet the $1 minimum bid price requirement for its Class A ordinary shares. The company must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days by June 29, 2026. REE remains focused on compliance and may consider a reverse stock split if necessary. The extension has no immediate effect on the listing or trading of the company’s securities. CEO Daniel Barel expressed commitment to executing their strategy and regaining compliance with Nasdaq’s requirements. For more information, visit www.ree.auto.

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