TEL
AVIV, Israel, Oct. 31,
2024 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ,
TASE: ARBE) ("Arbe" or the "Company"), a global leader in
Perception Radar Solutions, today announced that it
is proposing to offer and sell, subject to market conditions,
its ordinary shares (or pre-funded warrants in lieu thereof)
accompanied by Tranche A Warrants to purchase ordinary shares and
Tranche B Warrants to purchase ordinary shares in an underwritten
public offering. The offering is subject to market and other
conditions, and there can be no assurance as to whether or when the
offering may be completed, or as to the actual size or terms of the
offering.
Canaccord Genuity is acting as the sole bookrunner for the
offering.
Arbe intends to use the net proceeds from this offering for
working capital and general corporate purposes.
The securities described above are being offered pursuant to a
registration statement on Form F-3 (File No. 333-269235), as
amended, originally filed on January 13,
2023, with the Securities and Exchange Commission (the
"SEC") and declared effective by the SEC on February 24, 2023. The offering is being made
only by means of a prospectus and prospectus supplement which forms
a part of the effective registration statement relating to the
offering. A preliminary prospectus supplement and accompanying
prospectus relating to the offering has been filed with the SEC.
Electronic copies of the preliminary prospectus supplement and
accompanying prospectus, when available, may be obtained on the
SEC's website at http://www.sec.gov and may also be obtained, when
available, by contacting Canaccord Genuity LLC, Attn: Syndication
Department, 1 Post Office Square, 30th Floor, Boston, MA 02109, or by email
at prospectus@cgf.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or other jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
About Arbe Robotics, Ltd.
Arbe (Nasdaq: ARBE), a global leader in Perception Radar
solutions, 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.
Forward-Looking Statements
This press release contains or will
contain "forward-looking statements" within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934,
both as amended by the Private Securities Litigation Reform Act of
1995. contains "forward-looking statements" within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934,
both as amended by the Private Securities Litigation Reform Act of
1995. The words "expect," "believe," "estimate," "intend," "plan,"
"anticipate," "may," "should," "strategy," "future," "will,"
"project," "potential" and similar expressions indicate
forward-looking statements. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties, and include, but
are not limited to, statements or expectations regarding the
anticipated offering and the anticipated use of net proceeds from
the offering. Actual events or results could differ materially from
those discussed in the forward-looking statements as a result of
various factors, including, but not limited to the effect on the
Israeli economy generally and on the Company's business resulting
from the terrorism and the hostilities in Israel and with its neighboring countries
including the effects of the continuing war with Hamas and any
further intensification of hostilities with others, including
Iran and Hezbollah, and the effect
of the call-up of a significant portion of its working population,
including the Company's employees; the effect of any potential
boycott both of Israeli products and business and of stocks in
Israeli companies; the effect of any downgrading of the Israeli
economy and the effect of changes in the exchange rate between the
US dollar and the Israeli shekel; the Company's ability to meet the
conditions to the release from escrow of the proceeds from its
recent sale of convertible debentures; the Company's ability to
generate additional OEM selections and substantial orders and the
risk and uncertainties described in "Cautionary Note Regarding
Forward-Looking Statements," "Item 3. Key Information – D. Risk
Factors" and "Item 5. Operating and Financial Review and Prospects"
and in the Company's Annual Report on Form 20-F for the year ended
December 31, 2023, which was filed
with the Securities and Exchange Commission (the "SEC") on
March 28, 2024, as well as other
documents filed by the Company with the SEC. Accordingly, you are
cautioned not to place undue reliance on these forward-looking
statements. Forward-looking statements relate only to the date they
were made, and the Company does not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made except as required by
law or applicable regulation.
Information contained on, or that can be accessed through, the
Company's website or any other website or any social media is
expressly not incorporated by reference into and is not a part of
this press release.
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SOURCE Arbe
