Arbe Robotics Ltd. Announces $15 Million Underwritten Registered Direct Offering
Arbe Robotics priced a $15 million underwritten registered direct offering at $0.60 per share, structured as 833,334 ordinary shares plus pre-funded warrants on up to 24,166,666 shares. The pre-funded warrants carry a nominal $0.0001 exercise price, never expire, and are immediately exercisable, meaning total dilution approaches 25 million shares.
Key figures
- Deal Value Usd
- 15000000
- Offering Price
- 0.6
- Shares Offered
- 833334
- Dilution note
- Total implied share issuance ~25M shares at $0.60; pre-funded warrants have $0.0001 exercise price and no expiration
- Pre funded warrant price
- 0.5999
- Pre funded warrant shares
- 24166666
AI analysis
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