Company: Arbe
Arbe announced the completion of a $29 million underwritten registered direct offering. Arbe announced the completion of a $29 million underwritten registered direct offering. Arbe Arbe Arbe ARBE ROBOTICS LTD Arbe is a provider of next-generation 4D imaging radar chipset solutions, committed to paving the way for fully autonomous driving by enabling truly safe driver assistance systems. The detail level of Arbe’s imaging radar is 100 times higher than other radars on the market, and it is the sensor required for L2 and higher autonomous driving level vehicles. January 13, 2025, 21:00 Beijing Arbe recently announced that it has successfully priced an underwritten offering of 8.984375 million ordinary shares at a purchase price of $3.2 per share. According to Arbe’s estimates, this offering will bring about $29 million in total proceeds before deducting underwriting discounts, commissions, and other offering expenses. Meanwhile, Arbe plans to grant the underwriters a 30-day option to p
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