India, Sept. 25 -- On Friday, Arbe Robotics Ltd (ARBE), a high resolution radar solutions provider, announced the pricing of the direct offering of 833,334 ordinary shares at a price of $0.60 per share and, in exchange of ordinary shares to investors, pre-funded warrants to purchase up to 24.16 million ordinary shares at a purchase price of $0.5999 per share, which equals the offering price per ordinary share less the $0.0001 exercise price per share of each pre-funded warrant.
Arbe expects the offering to generate approximately $15 million in gross proceeds before underwriting discounts, commissions, and other expenses. The offering is expected to close around September 28, 2026, subject to customary conditions.
The Company plans to use ...