Arbe begins dual listing on Tel Aviv Stock Exchange with NIS113m bond offering
Arbe Robotics, a global leader in perception radar solutions, announced its ordinary shares are now traded on both NASDAQ and the Tel Aviv Stock Exchange (TASE).
Erdinast, Ben Nathan, Toledano represented Arbe Robotics in this precedent-setting process of dual registration and issuance of convertible bonds to institutional investors and the public, to the tune of approximately NIS 113 million (appx USD30m).
The financing round was led by the company’s management together with IBI Underwriting and Issuances and the Securities Department of EBN, led by Moty Yamin with corporate partner Shay Dayan and privacy partner Lior Etgar with associates Ofir Saada, Shaked Yehiel-Sorek and Dor Maymon.
The company had held an investor event for a new debt offering, which was much more popular than expected, with demand 230% higher than anticipated, mostly from big investors like mutual funds.
