Arbe Robotics closes $15M direct offering at $0.60 per share

Arbe Robotics Ltd. (NASDAQ: ARBE, TASE: ARBE) has closed an underwritten registered direct offering, raising approximately $15 million in gross proceeds before deducting underwriting discounts, commissions, and other expenses, according to a press release from the Tel Aviv-based company.

The offering consisted of 833,334 ordinary shares priced at $0.60 per share. In lieu of ordinary shares, certain investors received pre-funded warrants to purchase up to 24,166,666 ordinary shares at $0.5999 per share, reflecting the offering price minus the $0.0001 exercise price per warrant. The pre-funded warrants are immediately exercisable and have no expiration date.

The deal was led by two institutional investors, including AWM Investment Company, Inc., the investment adviser of the Special Situations Funds. Canaccord Genuity served as sole bookrunner.

Arbe said it plans to use the net proceeds for working capital and general corporate purposes. Stated uses include scaling operations to support commercial opportunities, expanding into defense and counter-drone markets, and potentially pursuing mergers and acquisitions. The company also referenced a previously announced selection of its radar technology for a Level 3 passenger vehicle program by one of the world's largest automotive groups.

The securities were offered under a registration statement on Form F-3 declared effective by the Securities and Exchange Commission on June 13, 2025.

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