Arbe Robotics prices $16 million share offering at $1.40 per share

Arbe Robotics Ltd. (NASDAQ: ARBE) announced it has priced an underwritten offering of 11.5 million ordinary shares at $1.40 per share. The perception radar solutions company expects gross proceeds of approximately $16.1 million before deducting underwriting discounts and other offering expenses.

The offering includes a 30-day option for underwriters to purchase up to an additional 1.725 million ordinary shares at the same price, less underwriting discounts and commissions. The transaction is expected to close on or about January 27, 2025, subject to customary closing conditions.

Arbe plans to use net proceeds from the offering for working capital and general corporate purposes. Canaccord Genuity is serving as sole bookrunner for the offering, with Roth Capital Partners and WestPark Capital acting as co-managers.

The securities are being offered under a registration statement on Form F-3 filed with the Securities and Exchange Commission on June 5, 2025, and declared effective on June 13, 2025. The Tel Aviv-based company also trades on the Tel Aviv Stock Exchange under the ticker ARBE.

Arbe develops radar technology for automotive applications, including advanced driver assistance systems and autonomous vehicle capabilities. The company operates offices in the United States, Germany, and China in addition to its Israeli headquarters.

You May Also Be Interested In

• Osprey Acquisition Corp. III raises $300M in Nasdaq IPO
• ITG, Inc. raises $323.4M in Nasdaq IPO at $16 per share
• Haverty Furniture expands credit facility to $100M, extends to 2031