Arbe Robotics Lists on Nasdaq & TASE, Secures Debt Commitments

TL;DR

Arbe Robotics is now on Nasdaq AND TASE, plus they got some debt commitments.

AI Summary

Arbe Robotics Ltd. announced on May 30, 2024, that its ordinary shares are now listed on both Nasdaq and the Tel Aviv Stock Exchange. Additionally, the company has secured preliminary commitments for a proposed convertible debt offering.

Why It Matters

Dual listing on major exchanges increases accessibility for investors, while convertible debt commitments provide potential funding for future growth.

Risk Assessment

Risk Level: medium — The company is undergoing a convertible debt offering, which can introduce financial complexities and potential dilution.

Key Players & Entities

• Arbe Robotics Ltd. (company) — Registrant
• Nasdaq (company) — Stock Exchange
• Tel Aviv Stock Exchange (company) — Stock Exchange
• May 30, 2024 (date) — Announcement Date

FAQ

Filing Documents

• ea0207134-6k_arberobot.htm (6-K) — 13KB
• ea0207134ex99-1_arberobot.htm (EX-99.1) — 8KB
• 0001213900-24-047964.txt ( ) — 22KB

From the Filing

REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-40884 ARBE ROBOTICS LTD. (Translation of registrant’s name into English) HaHashmonaim St. 107 Tel Aviv-Yafo, Israel Tel: +972-73-7969804, ext. 200 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F INFORMATION CONTAINED IN THIS CURRENT REPORT ON FORM 6-K On May 30, 2024, Arbe Robotics Ltd. (the “Company”) issued a press release announcing that its ordinary shares are now traded on both Nasdaq and the Tel Aviv Stock Exchange and that the Company received preliminary commitments with respect to its proposed convertible debt offering. The press release is furnished as Exhibit 99.1 to this Report on Form 6-K. Cautionary Note Regarding Forward-Looking Statements The press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. contains "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "potential" and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include, but are not limited to Arbe meeting the conditions to the release of the net proceeds of the debenture offering from escrow, the effect on the Israeli economy generally and on Arbe's business resulting from the terrorism and the hostilities in Israel and with its neighboring countries including the effects of the continuing war with Hamas and any further intensification of hostilities with others, including Iran and Hezbollah, and the effect of the call-up of a significant portion of its working population, including Arbe’s employees; the effect of any potential boycott both of Israeli products and business and of stocks in Israeli companies; the effect of any downgrading of the Israeli economy and the effect of changes in the exchange rate between the US dollar and the Israeli shekel; and the risk and uncertainties described in "Cautionary Note Regarding Forward-Looking Statements," "Item 3. Key Information – D. Risk Factors" and "Item 5. Operating and Financial Review and Prospects" and in Arbe's Annual Report on Form 20-F for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2024, as well as other documents filed by Arbe with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Arbe does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Information contained on, or that can be accessed through, Arbe’s website or any other website or any social media is expressly not incorporated by reference into and is not a part of this Form 6-K. Exhibit Index Exhibit No. Document Description 99.1 Press Release dated May 30, 2024* SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ARBE ROBOTICS LTD. Date: May 30, 2024 By: /s/ Kobi Marenko Name: Kobi Marenko Title: CEO

View Full Filing

View this 6-K filing on SEC EDGAR