SCHEDULE 13D/A: Kukac LLC and Kayrow Limited Increase Stake in REE Automotive to 7.8% Following Direct Offering
Schedule 13D Amendment
Kukac LLC and Kayrow Limited have increased their beneficial ownership in REE Automotive Ltd. to 7.8% of Class A Ordinary Shares after acquiring an additional 470,580 shares through a registered direct offering.
Summary
- Kukac LLC and Kayrow Limited, the Reporting Persons, filed an Amendment No. 3 to their Schedule 13D statement regarding their holdings in REE Automotive Ltd.
- On March 19, 2025, the Reporting Persons acquired an additional 470,580 Class A Ordinary Shares of REE Automotive Ltd. through a registered direct offering.
- This acquisition was made pursuant to a Securities Purchase Agreement dated March 18, 2025.
- As of March 19, 2025, the Reporting Persons beneficially own a total of 1,973,552 Class A Ordinary Shares.
- This aggregate ownership represents approximately 7.8% of the 25,304,584 Class A Ordinary Shares reported to be outstanding.
- In addition to the shares, the Reporting Persons also hold warrants exercisable for 785,855 shares and promissory notes convertible into 830,853 shares.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive. The acquisition of additional shares by the reporting persons and the successful completion of a registered direct offering suggest investor confidence and a successful capital infusion for the company, which are generally positive signals. There are no explicit negative details or risks mentioned in this specific filing.
Positives
- The acquisition of additional shares by Kukac LLC and Kayrow Limited demonstrates continued investor confidence in REE Automotive Ltd.
- The registered direct offering indicates a successful capital raise for REE Automotive Ltd., providing additional funding for its operations.
Future Outlook
The document does not provide explicit forward-looking statements or guidance from the Issuer or the Reporting Persons regarding future business operations or financial performance, beyond the completion of the share acquisition.
Industry Context
This filing reflects an investment by specific entities in REE Automotive Ltd., a company operating in the electric vehicle (EV) and mobility technology sector. Such direct offerings are common mechanisms for companies to raise capital, and for investors to increase their stake, indicating ongoing activity and investment interest within the evolving automotive technology landscape.
Stakeholder Impact
- Shareholders: The registered direct offering likely resulted in some dilution for existing shareholders due to the issuance of new shares, but it also provides the company with additional capital for operations and growth.
- Company (REE Automotive Ltd.): Benefits from increased capital, which can be used for product development, expansion, or other strategic initiatives.
Key Dates
| Date | Description |
|---|---|
| 2024-09-18 | Original filing date of the Schedule 13D by Kukac LLC and Kayrow Limited. |
| 2025-03-18 | Date of the Securities Purchase Agreement for the registered direct offering. |
| 2025-03-19 | Date of the event which required the filing of this statement; acquisition of 470,580 shares through a registered direct offering. |
Keywords
REE Automotive Ltd, Kukac LLC, Kayrow Limited, Schedule 13D, Class A Ordinary Shares, Beneficial Ownership, Registered Direct Offering, Securities Purchase Agreement, Equity Investment, Shareholding, SEC Filing
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