Industrial Tech Acquisitions Inc - Ordinary Shares - Class A

NASDAQ:ITAC   12:19:23 PM EDT
9.97
-0.07 (-0.70%)
Exchange Changes, Earnings Announcements, Mergers / Acquisitions

Arbe Robotics Says Expected To List On The Nasdaq Through A Business Combination With Industrial Tech Acquisitions

Published: 03/18/2021 20:44 GMT
Industrial Tech Acquisitions Inc - Ordinary Shares - Class A (ITAC) - Arbe Robotics Ltd.
, a Global Leader in High-resolution 4d Imaging Radar Technology, Expected to List on the Nasdaq Through a Business Combination With Industrial Tech Acquisitions, Inc.industrial Tech Acquisitions Inc - Transaction Values Arbe at a Post-money Pro Forma Enterprise Value of Approximately $572 Million.
Industrial Tech Acquisitions Inc - Transaction is Expected to Provide Up to Approximately $177 Million in Gross Cash Proceeds.
Industrial Tech Acquisitions Inc - Pipe Offering Anchored by M&g Investment Management, Varana Capital, Texas Ventures, and Eyal Waldman.
Industrial Tech Acquisitions Inc - Combined Company is Expected to Have an Equity Value of Approximately $722 Million at Closing.
Industrial Tech Acquisitions Inc - Transaction is Further Supported by a $100 Million Fully-committed Pipe.
Industrial Tech Acquisitions Inc - in Transaction, a Newly Formed Unit of Arbe Will Merge With Itac, With Itac Surviving As Unit of Arbe.