Arbe Robotics, Ltd. Announces Closing of $18.5 Million Underwritten Registered Direct Offering, Including Full Exercise of Underwriters' Over-Allotment Option

Core Viewpoint - Arbe Robotics Ltd. has successfully closed a public offering of 13,225,000 ordinary shares at a price of $1.40 per share, generating approximately $18.5 million in gross proceeds for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering included 1,725,000 shares from the underwriters' over-allotment option [1]. - Canaccord Genuity served as the sole bookrunner, with Roth Capital Partners and WestPark Capital as co-managers [2]. - The offering was conducted under a registration statement filed with the SEC, which became effective on June 13, 2025 [3]. Group 2: Company Overview - Arbe Robotics is a leader in ultra-high-resolution radar solutions, providing technology that enhances safety in driving systems from ADAS to full vehicle autonomy [4]. - The company's radar chipset offers up to 100 times more detail than existing systems, enabling real-time, 4-dimensional imaging for various vehicle segments [4]. - Arbe operates globally with offices in the United States, Germany, and China, focusing on transforming the role of radar in next-generation mobility [5].