Arbe Robotics Announces Proposed Public Offering; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Arbe Robotics Ltd. announced a proposed public offering of its ordinary shares, with no disclosed size or amount. The offering includes Tranche A and B Warrants and is subject to market conditions. Canaccord Genuity is the sole bookrunner.
October 31, 2024 | 8:26 pm
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Arbe Robotics Ltd. is proposing a public offering of its shares, including Tranche A and B Warrants, with no disclosed size. The offering is subject to market conditions.
The announcement of a public offering can have various impacts on the stock price. Without details on the size or terms, the market reaction may be neutral until more information is available. The use of proceeds for working capital and general purposes is standard, and the involvement of Canaccord Genuity as the bookrunner adds credibility.
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