Ree automotive ltd. announces receipt of notice of deficiency from nasdaq resulting from previously announced departure of director

Tel-aviv, israel, feb. 10, 2023 (globe newswire) -- ree automotive ltd. (nasdaq: ree) (“ree” or the “company”), an automotive technology company and developer of electric vehicle platforms, announced that it received a notice of deficiency (the “notice”) from the nasdaq stock market (“nasdaq”). the non-compliance cited by nasdaq in the notice is the result of the previously-announced departure of ms. lilach geva-harel from her position on the audit committee of the company's board of directors. with the departure of ms. lilach geva-harel, the company is currently not in compliance with nasdaq listing rule 5605(c)(2)(a) requiring three members on its audit committee.
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