Arbe Robotics Reports on ATM Program
Ticker: ARBEW · Form: 6-K · Filed: Jan 7, 2025 · CIK: 1861841
| Field | Detail |
|---|---|
| Company | Arbe Robotics Ltd. (ARBEW) |
| Form Type | 6-K |
| Filed Date | Jan 7, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $50 m, $11 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: atm-offering, capital-raising, filing
TL;DR
Arbe Robotics is still using its ATM program with Jefferies to sell shares.
AI Summary
Arbe Robotics Ltd. filed a Form 6-K on January 7, 2025, reporting on its activities for January 2025. The filing references an open market sales agreement entered into on April 25, 2023, with Jefferies LLC for an "at-the-market" offering program, allowing the company to sell ordinary shares.
Why It Matters
This filing provides an update on Arbe Robotics' ongoing "at-the-market" offering program, which allows them to raise capital by selling shares on the open market.
Risk Assessment
Risk Level: low — This is a routine filing providing information about an existing capital raising program and does not indicate new material risks.
Key Players & Entities
- Arbe Robotics Ltd. (company) — Registrant
- Jefferies LLC (company) — Sales Agent for ATM Program
- April 25, 2023 (date) — Date of Sales Agreement
- January 7, 2025 (date) — Filing Date
FAQ
What is the purpose of the Form 6-K filing?
The Form 6-K is a report of foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of January 2025.
When did Arbe Robotics Ltd. enter into the Sales Agreement?
Arbe Robotics Ltd. entered into the Sales Agreement on April 25, 2023.
Who is the counterparty to the Sales Agreement?
The Sales Agreement was entered into with Jefferies LLC.
What type of offering program does the Sales Agreement relate to?
The Sales Agreement relates to an 'at-the-market' offering program (the 'ATM Program').
What is the par value of the ordinary shares Arbe Robotics may offer?
The ordinary shares have a par value of NIS 0.000216 per share.
Filing Stats: 483 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-01-07 15:14:51
Key Financial Figures
- $50 m — aggregate gross sales proceeds of up to $50 million, from time to time, through Jeffe
- $11 million — ffering amount under the ATM Program to $11 million. On January 6, 2025, the Company sent
Filing Documents
- ea0226998-6k_arberobo.htm (6-K) — 12KB
- 0001213900-25-001592.txt ( ) — 13KB
SIGNATURES
SIGNATURES 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: January 7, 2025 By: /s/ Kobi Marenko Name: Kobi Marenko Title: CEO 2