Industrial Tech Acquisitions Inc - Ordinary Shares - Class A

:ITAC   3:59:59 PM EDT
8.26
-0.11 (-1.31%)
5:05:00 PM EDT: $8.26 0.00 (0.00%)
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
(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.