Arbe Robotics (ARBE) Announces $29 Million Underwritten Registered Direct Offering

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. 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 offering is expected to close on or about January 8, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

Canaccord Genuity is acting as sole bookrunner for the offering.

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