Filing Details
- Accession Number:
- 0002039116-25-000001
- Form Type:
- 13D Filing
- Publication Date:
- 2025-04-01 20:00:00
- Filed By:
- Samvardhana Motherson International Ltd.
- Company:
- Ree Automotive Ltd.
- Filing Date:
- 2025-04-02
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Samvardhana Motherson International Ltd. | 0 | 5,234,657 | 0 | 5,234,657 | 5,234,657 | 19.0% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
|
REE Automotive Ltd. (Name of Issuer) |
Class A ordinary shares (Title of Class of Securities) |
M8287R202 (CUSIP Number) |
Jason L. Rumsey 6002 Rogerdale Road, Suite 650 Houston, TX, 77072 8329982971 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
03/27/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | M8287R202 |
| 1 |
Name of reporting person
Samvardhana Motherson International Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
INDIA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
5,234,657.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
19.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Class A ordinary shares |
| (b) | Name of Issuer:
REE Automotive Ltd. |
| (c) | Address of Issuer's Principal Executive Offices:
KIBBUTZ GLIL-YAM, KIBBUTZ GLIL-YAM, KIBBUTZ GLIL-YAM,
ISRAEL
, 4690500. |
| Item 2. | Identity and Background |
| (a) | This Statement is being jointly filed by Samvardhana Motherson International Limited, a company limited by shares organized under the laws of the Republic of India (SAMIL), and Samvardhana Motherson Automotive Systems Group B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under the laws of the Netherlands, and an indirect wholly-owned subsidiary of SAMIL (SMASG) and together with SAMIL, the Reporting Persons). |
| (b) | The address of the principal business office of SAMIL is Unit 705, C Wing, ONE BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai City,
Mumbai, Maharashtra, India, 400051. The address of the principal business office of SMASG is Hoogoorddreef 15, 1101 BA Amsterdam, the Netherlands |
| (c) | The principal business of the Reporting Persons is the manufacture of components for the automotive industry |
| (d) | During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the last five years, none of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree orfinal order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such
laws. |
| (f) | Not applicable. |
| Item 3. | Source and Amount of Funds or Other Consideration |
The information set forth in Item 4 hereof is hereby incorporated by reference into this Item 3.
On March 27, 2025, SMASG entered into a Securities Purchase Agreement with the Issuer (the Securities Purchase Agreement), pursuant to which SMASG agreed to purchase, and the Issuer agreed to issue and sell to SMASG, an aggregate of 1,595,647 Class A Ordinary Shares of the Issuer (the Shares) at a purchase price of $4.25 per Share
for an aggregate purchase price of $6,781,499.75. The foregoing description of the Securities Purchase Agreement is qualified in its entirety by the full text of the Securities Purchase Agreement, which is filed as Exhibit 1 hereto and is incorporated herein by reference. Funds in the amount of $6,781,499.75 used by SMASG to purchase the Shares in accordance with the Securities Purchase Agreement were obtained from the working capital of SMASG. | |
| Item 4. | Purpose of Transaction |
The information set forth in Item 3 and Item 6 hereof is incorporated by reference into this Item 4.
The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and intend to review such investment in the Issuer on a continuing basis. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | The information set forth in Items 7-13 of the cover pages is hereby incorporated by reference into this Item 5(a) and (b). |
| (b) | The information set forth in Items 7-13 of the cover pages is hereby incorporated by reference into this Item 5(a) and (b). |
| (c) | Except as set forth in this Statement, neither the Reporting Persons nor, to the best knowledge of the Reporting Person, any of the persons set forth on Schedule 1, has effected any transactions in the Class A Ordinary Shares of the Issuer in the past 60 days. |
| (d) | Not applicable. |
| (e) | Not applicable. |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
The information set forth in Items 3 and 4 hereof is hereby incorporated by reference into this Item 6. | |
| Item 7. | Material to be Filed as Exhibits. |
Securities Purchase Agreement dated March 26, 2025 |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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