REE Automotive Ltd. filed a Form 6-K on November 6, 2026, disclosing that the Tel Aviv-Jaffa District Court issued a judgment on October 28, 2026, approving the company's proposed creditors' arrangement under Israeli insolvency law, backed by a $4 million equity investment commitment.

Key Highlights

  • Court approval: The Tel Aviv-Jaffa District Court issued a judgment on October 28, 2026, approving REE Automotive's proposed creditors' arrangement (Case No. 6493-07-26).
  • Investor commitments: Kukac LLC and Elljay Limited each agreed to provide $2 million, for an aggregate equity investment of $4 million, subject to conditions.
  • Commitment letter date: The equity commitment letter with the two investors was entered into on October 19, 2026.
  • Creditors' meeting: Authorization to convene the creditors' meeting was granted on October 20, 2026, and the meeting was held on October 25, 2026.
  • Going concern intent: According to the filing, the arrangement "is intended to facilitate the Company's continued operations as a private company, on a going concern basis."
  • Court amendments: The Court approved the arrangement subject to certain amendments, including those relating to payments to employees, time frames, and the calculation of their entitlements.

Tel Aviv Court Judgment Approves REE Automotive Creditors' Arrangement

According to the filing, REE Automotive Ltd. entered into an equity commitment letter on October 19, 2026, with two investors, Kukac LLC and Elljay Limited, in connection with a proposed debt restructuring under the Israeli Insolvency and Economic Rehabilitation Law, 5778-2018. Each investor committed $2 million, for a total of $4 million, intended to provide working capital to support the company's continued operations, subject to the terms and conditions of the applicable investment agreements and the arrangement.

On the same date, October 19, 2026, the company filed a motion with the Tel Aviv-Jaffa District Court seeking authorization to convene creditors' meetings to consider and vote on the proposed arrangement. The Court granted that authorization on October 20, 2026, and the creditors' meeting was held on October 25, 2026. The Court then issued its judgment approving the arrangement on October 28, 2026, following the creditors' meetings.

The filing states that the Court's approval was "subject to certain amendments, supplements, and clarifications, including those relating to payments to employees, time frames and the calculation of their entitlements, as well as other amendments and supplements previously accepted by the Company." The filing contains forward-looking statements, which the company identifies as subject to risks and uncertainties, including the risk that the restructuring will not receive required approvals, that investors will not fund their commitments, or that the company will be unable to continue its operations. The filing was signed by Chief Executive Officer Daniel Barel. The company does not list a specific exchange or ticker symbol in this Form 6-K filing.

What Was Disclosed

REE Automotive disclosed the October 28, 2026, court approval of its creditors' arrangement under Israeli insolvency law, an aggregate $4 million equity commitment from two named investors, and the procedural timeline of related court proceedings.