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Item 7.01
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Regulation FD Disclosure.
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On October 6, 2021, Arbe and the Company issued
a press release (the “Press Release”) announcing that the business combination between them was approved by the Company’s
stockholders at a special meeting held on October 5, 2021 and was scheduled to be completed on October 7, 2021.
A copy of the Press Release is furnished as Exhibit
99.1 to this Current Report on Form 8-K. The Press Release is intended to be furnished and shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
or the Exchange Act, except as expressly set forth by specific reference in such filing.
Forward-Looking Statements
This report contains certain “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. Statements that are not historical facts, including statements about the Company and Arbe and
the transactions contemplated by the Business Combination Agreement (the “Transactions”), and the parties’ perspectives
and expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the Transactions,
including the anticipated initial enterprise value and post-closing equity value, the benefits of the Transactions, integration plans,
expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates
for growth, the expected management and governance of the combined company, and the expected timing of the Transactions. The words “expect,”
“believe,” “estimate,” “intend,” “plan,” “anticipate,” “project,”
“may,” “should,” “potential” and similar expressions indicate forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions
about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially
from those indicated or anticipated.
These forward-looking statements are not guarantees
of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market,
industry, regulatory and operational factors), known or unknown, which could and are likely to cause the actual results to vary materially
from those indicated or anticipated. You should carefully consider the risk factors and uncertainties described in "Risk Factors,"
"Arbe's Management's Discussion and Analysis of Financial Condition and Results of Operations," “ITAC’s Management’s
Discussion and Analysis of Financial Condition and Results of Operations,” "Forward-Looking Statements" and the additional
risks described in the Company’s definitive proxy statement filed by the Company with the SEC on September 17, 2021, as well as
the other documents filed with the SEC by Arbe and the Company. Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may, and are likely to, vary materially from those indicated or anticipated by
such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements.
Important Information About the Transactions
and Where to Find It
Arbe has filed the proxy statement/prospectus
and the Company has filed the definitive proxy statement in connection with the Transactions involving Arbe and the Company. Stockholders
of the Company may obtain copies of the these documents, without charge, on the SEC's website at www.sec.gov or by directing a request
to the Company by contacting E. Scott Crist, Chief Executive Officer, c/o Industrial Tech Acquisitions, Inc., 5090 Richmond Avenue, Suite
319, Houston, Texas 77056, at (713) 599-1300 or at scott@texasventures.com.