REE Automotive Ltd. (REE)

REE Automotive Ltd. is an Israeli developer of modular electric vehicle technology, headquartered in Herzliya, Israel. The company was founded in 2013 by Daniel Barel, who served as chief executive officer, together with co-founder Ahishay Sardas. It set out to rethink the architecture of electric vehicles by moving the main drive components out of a central chassis and into the wheel arch.

The company's core technology is the REEcorner, which integrates steering, braking, suspension, powertrain and control into a compact module placed at each wheel. Because the components are contained in the corner, the vehicle floor can be flat and low, giving designers more freedom over body shape and interior space. REE paired this with the REEboard, a flat and modular chassis intended to let automakers and fleet operators build different vehicle bodies on a common platform.

REE targeted commercial and logistics vehicles, such as delivery vans and trucks, as well as other purpose-built vehicles. Instead of selling consumer cars under its own brand, it positioned itself as a technology and platform supplier that would work with vehicle manufacturers, mobility service providers and manufacturing partners. Its development program involved collaboration with established industry partners on engineering, testing and potential production.

REE became a public company in July 2021 through a business combination with 10X Capital Venture Acquisition Corp., a special purpose acquisition company. Its Class A ordinary shares began trading on Nasdaq under the symbol REE. Like many electric vehicle companies that went public through SPAC transactions during that period, REE faced a prolonged decline in its share price and a need to raise capital to fund development ahead of meaningful revenue.

The delisting arose from that pressure on the share price. On June 30, 2026, Nasdaq staff notified REE that it no longer qualified for listing under Listing Rule 5550(a)(2), the rule that sets a minimum bid price for companies on the Nasdaq Capital Market. The company did not appeal the staff determination.

As a result, Nasdaq suspended trading in the Class A ordinary shares on July 7, 2026, and the staff determination became final. Nasdaq issued its delisting determination on July 10, 2026, and a Form 25 notification was filed with the SEC shortly afterward. Removal of the shares from listing took effect at the opening of trading on July 23, 2026.

The delisting was not connected to an acquisition or a bankruptcy filing. After the suspension, REE's shares became available for trading on the over-the-counter market under the symbol REEAF, which is a less liquid venue than a national securities exchange.