Arbe Robotics (ARBE) said Friday that it has priced its up to $49 million public offering, which is slated to be completed on or about Monday.
The company said 8.25 million ordinary shares are being offering, along with tranche A warrants to buy up to 8.25 million ordinary shares and tranche B warrants to purchase up to 8.25 million ordinary shares.
The combined public offering price is $1.82 per share and accompanying tranche A and B warrants, the company said.
The tranche A and B warrants will have an exercise price of $2.35 per share and $1.82 per share, respectively, but there's no assurance that any of these warrants will be exercised, Arbe said.
The company said it expects the offering to generate $15 million in gross proceeds, with the potential for additional gross proceeds of $34.4 million if the warrants are fully exercised on a cash basis.
Arbe said it plans to use the net proceeds from the offering for working capital and general corporate purposes.
Price: 1.77, Change: -0.05, Percent Change: -2.91
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。