TEL AVIV, ISRAEL, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE), (“Arbe” or the “Company”), a global leader in Perception Radar Solutions, today announced the closing of its previously announced public offering of an aggregate of 13,225,000 ordinary shares, which includes 1,725,000 ordinary shares issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $1.40 per ordinary share, resulting in gross proceeds of appro ...

Core Viewpoint - Arbe Robotics Ltd. is proposing to extend the deadline for meeting conditions under its series A convertible bonds to December 31, 2026, to avoid early redemption of unconverted bonds [1][2]. Group 1: Bondholder Meeting and Terms - A bondholder meeting is scheduled for December 16, 2025, to vote on the proposed extension and updated terms, which include reducing the interest rate from 6.5% to 4.35% effective January 1, 2026 [2]. - The conversion price for the bonds remains at ILS 9.53 (approximately $2.95) per share, and the company is considering issuing additional bonds to increase the total principal amount to up to $20 million from the current $8.5 million [2]. Group 2: Conditions for Fund Release - The release of funds from the trustee is contingent upon three conditions, which include securing a strategic program award with a European OEM, maintaining a share price of at least $3.10 for 30 consecutive trading days, and achieving a minimum trading volume of 300,000 shares per day [3][6]. - The decision to seek an extension is influenced by recent developments that have led Arbe to not expect securing the potential strategic program award in the near future [3]. Group 3: Company Overview - Arbe Robotics is a leader in ultra-high-resolution radar solutions, providing technology that enhances safety in driving systems and supports advancements from ADAS to full vehicle autonomy [4]. - The company’s radar chipset offers up to 100 times more detail than traditional radar systems, enabling real-time, 4-dimensional imaging for various vehicle segments and safety applications [4].