Arbe Announces Issuance of Convertible Debentures

June 6, 2024

https://www.prnewswire.com/news-releases/arbe-announces-issuance-of-convertible-debentures-302166473.html

Company Raises Approximately $30 Million through Convertible Debenture Offering, Listed on Tel Aviv Stock Exchange

TEL AVIV, Israel, June 6, 2024 /PRNewswire/ — Arbe Robotics, Ltd., (NASDAQ: ARBE) (TASE: ARBE), a global leader in perception radar solutions, announced today the issuance of convertible debentures in the principal amount of NIS 110,000,000 (approximately $30 million) to Israeli investors. The debentures bear an annual interest rate of 6.5%,  mature on May 30, 2028, and are convertible into Arbe’s ordinary shares at a conversion price of NIS 9.53 (approximately $2.60) per share. Trading on the Tel Aviv Stock Exchange (“TASE“) commenced on June 6, 2024, and the Company’s ordinary shares are listed on both Nasdaq and TASE.

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