Mobileye prices secondary offering at $16.50 per share

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Go back to Mobileye prices secondary offering at $16.50 per share

Mobileye Announces Pricing of Secondary Offering of Shares of Class A Common Stock, Concurrent Repurchase and Conversion

July 9, 2025 9:56 PM EDT

JERUSALEM--(BUSINESS WIRE)-- Mobileye Global Inc. (Nasdaq: MBLY) (Mobileye) today announced the pricing of a previously announced underwritten secondary public offering of 50 million shares of Mobileyes Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (the Selling Stockholder), at a price of $16.50 per share. The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 7.5 million shares of Mobileyes Class A common stock. The offering is expected to close on July 11, 2025, subject to customary closing conditions.

In addition, as previously... More