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Arbe Robotics ( (ARBE) ) has issued an announcement.
Arbe Robotics Ltd. announced the termination of its ‘at-the-market’ offering program, effective January 6, 2025, which was initially set up with Jefferies LLC to raise up to $50 million but later reduced to $11 million. The company decided to end this program without having sold any shares, which may indicate a strategic shift in funding or operational priorities, affecting its market approach.
More about Arbe Robotics
Arbe Robotics Ltd. operates in the robotics industry, focusing on the development and production of advanced radar systems for autonomous vehicles and other applications. The company is based in Tel Aviv-Yafo, Israel, and engages in creating innovative solutions for enhancing vehicle safety and performance.
YTD Price Performance: 96.08%
Average Trading Volume: 2,492,356
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $340.3M
For an in-depth examination of ARBE stock, go to TipRanks’ Stock Analysis page.
