10:50 AM EDT, 05/30/2024 (MT Newswires) -- Arbe Robotics ( ARBE ) said Thursday that its shares are now traded on both the Nasdaq and the Tel Aviv Stock Exchange and that preliminary demand for its proposed convertible debt offering surpassed expectations.

The company said demand for the offering reached 230% of the amount offered. The debenture sale is expected to generate net proceeds of up to 120 million Israeli shekels ($32.3 million).

The debentures will be issued and be traded on the Tel Aviv Stock Exchange under a public bid in Israel, scheduled for Monday, Arbe said.

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