Arbe Robotics (ARBE) Announces $29 Million Underwritten Registered Direct Offering
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Arbe Robotics Ltd. Announces $29 Million Underwritten Registered Direct Offering
January 7, 2025 3:45 PM ESTTEL AVIV, ISRAEL, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ, TASE: ARBE) (Arbe or the Company), a global leader in Perception Radar Solutions, today announced that it has priced an underwritten offering of 8,984,375 ordinary shares at a purchase price of $3.20 per share.
Arbe estimates the gross proceeds from this offering to be approximately $29 million before deducting underwriting discounts and commissions and other offering expenses. Â Arbe expects to grant the underwriters a 30-day option to purchase up to an additional 1,347,656 ordinary shares at the public offering price, less underwriting discounts and commissions. The... More
