Arbe Robotics

Canaccord Genuity Acted as Sole Bookrunner to Arbe Robotics, Ltd. on its $33.1 Million Registered Direct Offering

Canaccord Genuity is pleased to announce that, on January 8th, 2025, its client, Arbe Robotics, Ltd. (“Arbe” or the “Company”) (NASDAQ, TASE: ARBE), closed an underwritten registered direct offering of an aggregate of 10,332,031 ordinary shares of its common stock, which reflects the exercise in full by the underwriter of its over-allotment option to purchase up to 1,347,656 additional shares of common stock, at an offering price of $3.20 per share. This represents the second transaction in recent months Canaccord Genuity served in a sole bookrunner capacity on behalf of Arbe. 

The total gross proceeds to Arbe from this offering were $33.1 million. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

Arbe is spearheading a radar revolution, enabling safe driver-assist systems today while paving the way to full autonomous-driving. Arbe's radar technology is 100 times more detailed than any other radar on the market and is a critical sensor for L2+ and higher autonomy. The company is empowering automakers, Tier 1 suppliers, autonomous ground vehicles, commercial and industrial vehicles, and a wide array of safety applications with advanced sensing and paradigm changing perception. Arbe is based in Tel Aviv, Israel, and has offices in China, Germany, and the United States.