Arbe Robotics Ltd. Equity Offering
Arbe Robotics Ltd. announced a registered direct offering of 833,334 ordinary shares and pre-funded warrants to purchase up to 24,166,666 ordinary shares. The offering price for each share was $0.60 and for each pre-funded warrant was $0.5999. The gross proceeds from the offering are approximately $15.0 million. The company intends to use the net proceeds for working capital and general corporate purposes, including scaling operations, supporting commercial opportunities, and potentially pursuing strategic merger and acquisition opportunities. The offering is expected to close on or about September 28, 2026. Canaccord Genuity LLC acted as the sole bookrunner and underwriter for the offering. The company has agreed not to issue additional securities for ninety days following the closing, subject to certain exceptions.