Arbe Robotics Shares Drop Sharply After $16.1 Million Share Sale Is Priced
Arbe Robotics Ltd. saw its stock fall 17.4% on Monday after announcing an underwritten offering of 11.5 million ordinary shares priced at $1.40 each. The Israel-based perception radar company expects roughly $16.1 million in gross proceeds before fees, and has given underwriters a 30-day option to buy up to an additional 1.725 million shares at the…