Arbe Robotics Ltd.

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.

Arbe Robotics Ltd. and Industrial Tech Acquisitions, Inc. (ITAC) submitted a draft registration statement for their proposed business combination and amended the agreement, extending the outside deadline to October 31, 2021.

Arbe Robotics, a provider of 4D Imaging Radar solutions, entered a definitive business combination with SPAC Industrial Tech Acquisitions, with a $100 million PIPE, valuing the combined company at $572 million enterprise value.

Arbe Robotics, a provider of 4D imaging radar solutions, will merge with SPAC Industrial Tech Acquisitions to list on Nasdaq. The deal includes up to $177 million in gross proceeds, including a $100 million PIPE.