Arbe Robotics Launches $28.6M Share Offering
Ticker: ARBEW · Form: 6-K · Filed: Jan 8, 2025 · CIK: 1861841
| Field | Detail |
|---|---|
| Company | Arbe Robotics Ltd. (ARBEW) |
| Form Type | 6-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $3.20, $27 million, $4 million, $125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: offering, capital-raise, registered-direct
TL;DR
Arbe Robotics just sold 8.9M shares at $3.20 each, raising capital via Canaccord Genuity.
AI Summary
On January 7, 2024, Arbe Robotics Ltd. launched an underwritten registered direct offering of 8,948,375 ordinary shares at a public offer price of $3.20 per share. Canaccord Genuity served as the underwriter for this offering.
Why It Matters
This offering provides Arbe Robotics with capital, potentially for further development or operational expansion in the autonomous vehicle sensing technology sector.
Risk Assessment
Risk Level: medium — Registered direct offerings can dilute existing shareholders and signal a need for capital, which may indicate financial pressures or aggressive growth plans.
Key Numbers
- $28.6M — Gross Proceeds (Calculated from 8,948,375 shares at $3.20 per share, before fees and expenses.)
- 8,948,375 — Shares Offered (The total number of ordinary shares included in the registered direct offering.)
- $3.20 — Price Per Share (The public offer price for each ordinary share in the offering.)
Key Players & Entities
- Arbe Robotics Ltd. (company) — Registrant and issuer of shares
- 8,948,375 (dollar_amount) — Number of ordinary shares offered
- $3.20 (dollar_amount) — Public offer price per share
- January 7, 2024 (date) — Date the offering commenced
- Canaccord Genuity (company) — Underwriter for the offering
FAQ
What is the total amount of capital Arbe Robotics expects to raise from this offering?
Arbe Robotics expects to raise approximately $28.6 million in gross proceeds from the offering of 8,948,375 ordinary shares at $3.20 per share, before deducting underwriting discounts and commissions and other offering expenses.
Who acted as the underwriter for this registered direct offering?
Canaccord Genuity acted as the underwriter for the registered direct offering.
When did Arbe Robotics commence this underwritten registered direct offering?
The offering commenced on January 7, 2024.
What type of securities were offered in this transaction?
The offering consisted of ordinary shares, par value NIS 0.000216 per share.
What is the total number of shares being offered?
The offering includes 8,948,375 ordinary shares, referred to as the 'Firm Shares'.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 14.1 · Accepted 2025-01-08 09:22:03
Key Financial Figures
- $3.20 — e public offer price for each Share was $3.20. Canaccord Genuity acted as the sole b
- $27 million — n more detail below, were approximately $27 million. The Company granted the underwriters a
- $4 million — roceeds to the Company of approximately $4 million. The Company intends to use the net pro
- $125,000 — and reimbursement of expenses equal to $125,000. The Shares were offered by the Compan
Filing Documents
- ea0227139-6k_arberobo.htm (6-K) — 19KB
- ea022713901ex1-1_arberobo.htm (EX-1.1) — 185KB
- ea022713901ex5-1_arberobo.htm (EX-5.1) — 15KB
- ea022713901ex99-1_arberobo.htm (EX-99.1) — 9KB
- ex5-1_001.jpg (GRAPHIC) — 19KB
- ex5-1_002.jpg (GRAPHIC) — 8KB
- 0001213900-25-001839.txt ( ) — 266KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Arbe Robotics Ltd. Date: January 8, 2024 By: /s/ Kobi Marenko Name: Kobi Marenko Title: Chief Executive Officer 4