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Arbe Announces Closing of $23 Million Offering of Registered Ordinary Shares

PR Newswire - Wed Jun 14, 2023

TEL AVIV, Israel, June 14, 2023 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) ("Arbe"), a global leader in perception radar solutions, today announced the closing of its previously announced registered direct offering. In the offering, Arbe sold an aggregate of 11,794,873 ordinary shares to the Special Situations Funds, More Tech-Ventures, Catalyst Investments (affiliated with a director of the Company) and Geneva Insurance Group (affiliated with a director of the Company) at an offering price of $1.95 per share for aggregate gross proceeds of approximately $23 million before deducting the offering expenses.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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