REE SPAC Presentation Deck

Transaction Represents Attractive Discount to Peers Implied Enterprise Value ($ in Billions) Implied Value Based off Peer Trading Multiples 45.5 28.4 Established EV Platforms 5.0x - 8.0x EV / 2025E Revenue 11.4 RBE Confidential and Proprietary Information 5.7 Emerging EV Platforms 1.0x - 2.0x EV / 2025E Revenue Based off peers' 2024E trading multiples ranges, reflecting differences in production ramp-up timelines Current Transaction Value 3.1 Post-Money Enterprise Value 0.6x EV / 2025E Revenue 92% Implied Discount 64% Implied Discount 40

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