TEL AVIV, Israel, June 7, 2023 /PRNewswire/ — Arbe Robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in perception radar solutions, today announced that it has entered into a definitive agreement with the Special Situations Funds and certain existing shareholders to purchase $23 million of its registered ordinary shares at a public offering price of $1.95 per share reflecting a 10% discount to the average closing price for the 20-day trading period ending immediately prior to execution of the definitive securities purchase agreement.

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