Arbe Robotics, Ltd. Announces Proposed Public Offering
Arbe Robotics (NASDAQ, TASE: ARBE), a leader in Perception Radar Solutions, has announced a proposed public offering of ordinary shares with accompanying Tranche A and B Warrants to purchase ordinary shares. The company may also offer pre-funded warrants in lieu of ordinary shares. Canaccord Genuity will serve as the sole bookrunner for the offering. The net proceeds will be used for working capital and general corporate purposes. The offering is subject to market conditions, with no guarantee of completion or final terms.
Arbe Robotics (NASDAQ, TASE: ARBE), un leader nelle Soluzioni di Radar di Percezione, ha annunciato un'offerta pubblica proposta di azioni ordinarie con l'accompagnamento di Warrant Tranche A e B per l'acquisto di azioni ordinarie. L'azienda potrebbe anche offrire warrant prefinanziati al posto delle azioni ordinarie. Canaccord Genuity sarà l'unico bookrunner per l'offerta. I proventi netti saranno utilizzati per il capitale circolante e per le finalità aziendali generali. L'offerta è soggetta a condizioni di mercato, senza garanzia di completamento o termini finali.
Arbe Robotics (NASDAQ, TASE: ARBE), un líder en Soluciones de Radar de Percepción, ha anunciado una oferta pública propuesta de acciones ordinarias con Warrants Tranche A y B para comprar acciones ordinarias. La compañía también podría ofrecer warrants prefinanciados en lugar de acciones ordinarias. Canaccord Genuity actuará como el único bookrunner de la oferta. Los ingresos netos se utilizarán para capital de trabajo y fines corporativos generales. La oferta está sujeta a condiciones del mercado, sin garantía de finalización o términos finales.
Arbe Robotics (NASDAQ, TASE: ARBE), 인식 레이더 솔루션의 선두주자가, 보통주를 위한 Tranche A 및 B 워런트를 동반한 공모 제안을 발표했습니다. 회사는 보통주 대신 미리 자금을 지원받은 워런트를 제공할 수도 있습니다. Canaccord Genuity는 이 제안의 단독 북런너로 활동할 것입니다. 순수익은 운영 자본 및 일반 기업 목적에 사용될 것입니다. 이 제안은 시장 조건에 따라 달라지며, 완료나 최종 조건에 대한 보장은 없습니다.
Arbe Robotics (NASDAQ, TASE: ARBE), un leader dans les Solutions de Radar de Perception, a annoncé une offre publique proposée d'actions ordinaires avec des Warrants Tranche A et B pour l'achat d'actions ordinaires. La société pourrait également proposer des warrants préfinancés à la place des actions ordinaires. Canaccord Genuity agira en tant que bookrunner unique pour l'offre. Les produits nets seront utilisés pour le fonds de roulement et pour des fins corporatives générales. L'offre est soumise aux conditions du marché, sans garantie de réalisation ou de conditions finales.
Arbe Robotics (NASDAQ, TASE: ARBE), ein führendes Unternehmen im Bereich der Wahrnehmungsradarlösungen, hat eine vorgeschlagene öffentliche Platzierung von Stammaktien mit begleitenden Tranche A und B Warrants zum Kauf von Stammaktien angekündigt. Das Unternehmen könnte auch vorfinanzierte Warrants anstelle von Stammaktien anbieten. Canaccord Genuity wird als alleiniger Bookrunner für das Angebot fungieren. Die Nettoprovisionen sollen für Betriebskapital und allgemeine Unternehmenszwecke verwendet werden. Das Angebot unterliegt den Marktbedingungen, ohne Garantie für den Abschluss oder die endgültigen Bedingungen.
- None.
- Potential shareholder dilution through new share issuance
- Additional warrant offerings may cause further dilution
- Uncertain market conditions may affect offering completion
Insights
This stock offering announcement signals significant dilution risk for existing shareholders. The company is issuing not only new ordinary shares but also two tranches of warrants, which could lead to additional future dilution. The lack of specified pricing and size of the offering creates uncertainty around the magnitude of dilution.
The stated use of proceeds for "working capital and general corporate purposes" suggests possible cash flow concerns. For a small-cap company with
The selection of Canaccord Genuity as sole bookrunner, while reputable, indicates a relatively smaller-scale offering compared to what multiple tier-1 investment banks might handle. Investors should monitor the final terms and pricing when announced to assess the full impact on share value.
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,
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
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
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.
Logo - https://mma.prnewswire.com/media/803813/Arbe_Robotics_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/arbe-robotics-ltd-announces-proposed-public-offering-302293371.html
SOURCE Arbe
FAQ
What type of securities is Arbe Robotics (ARBE) offering in its latest public offering?
How will Arbe Robotics (ARBE) use the proceeds from its October 2024 offering?
Who is the bookrunner for Arbe Robotics' (ARBE) 2024 public offering?