Arbe Announces Issuance of Convertible Debentures

Company Raises Approximately $30 Million through Convertible Debenture Offering, Listed on Tel Aviv Stock ExchangeTEL AVIV, Israel, June 6, 2024 /PRNewswire/ -- Arbe Robotics, Ltd., (NASDAQ: ARBE) (TASE: ARBE), a global leader in perception radar solutions, announced today the issuance of convertible debentures in the principal amount of NIS 110,000,000 (approximately $30 million) to Israeli investors. The debentures bear an annual interest rate of 6.5%,  mature on May 30, 2028, and are convertible into Arb ...