Arbe Robotics Begins Dual Listing On Tel Aviv Stock Exchange; In Addition, On May 28, 2024, A Classified Investor Bid Was Successfully Held To Receive Preliminary Commitments With Respect To Arbe's Proposed Convertible Debt Offering, Exceeding Expectations, Reaching 230% Of The Amount Offered
Demand for Arbe Convertible Debt Exceeded Expectations, Reaching 230% of Amount Offered
TEL AVIV, Israel, May 30, 2024 /PRNewswire/ -- Arbe Robotics, Ltd. (NASDAQ:ARBE) (TASE: ARBE), a global leader in perception radar solutions, announced today that its ordinary share are now traded on both the Nasdaq and the Tel Aviv Stock Exchange (TASE). In addition, on May 28, 2024, a classified investor bid (for Israeli classified investors) was successfully held to receive preliminary commitments with respect to Arbe's proposed convertible debt offering. Demand for the convertible debt exceeded expectations, reaching 230% of the amount offered. Most of the demand came from institutional investors, including mutual funds, portfolio managers, and others.