# Arbe Robotics completes business combination with Industrial Tech Acquisitions

Arbe Robotics Ltd. and Industrial Tech Acquisitions, Inc. announced the scheduled completion of their business combination, approved by ITAC stockholders on October 5, 2021. The combined company will trade on Nasdaq as ARBE starting October 8, 2021.

- Type: Acquisition
- Announced: 2021-10-06
- Where: United States
- Value: $118.0M
- Status: completed
- Products: 4D imaging radar solutions, automotive radar chipsets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Arbe Robotics Ltd.](https://endata.com/companies/53909.md) (target)
- [Industrial Tech Acquisitions, Inc.](https://endata.com/companies/53910.md) (acquirer)

## Sources

- [ir.arberobotics.com](https://ir.arberobotics.com/news/press-releases/detail/41/arbe-robotics-ltd-and-industrial-tech-acquisitions-inc), 2021-10-06: "The previously announced business combination was approved by the ITAC stockholders at a special meeting held on October 5, 2021 and the business combination is scheduled to be completed on Thursday, October 7, 2021."
- [stocktitan.net](https://www.stocktitan.net/news/ITAC/arbe-robotics-ltd-and-industrial-tech-acquisitions-inc-announce-the-4035t28w4ynm.html), 2021-10-06: "The previously announced business combination was approved by the ITAC stockholders at a special meeting held on October 5, 2021 and the business combination is scheduled to be completed on Thursday, October 7, 2021."
- [news.spacconference.com](https://news.spacconference.com/2021/10/07/industrial-tech-acquisitions-shareholders-approve-arbe-robotics-deal/), 2021-10-07: "The transaction is expected to close today."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.