04:23 AM EDT, 07/10/2025 (MT Newswires) -- Mobileye Global ( MBLY ) said late Wednesday an underwritten secondary public offering of 50 million of its common shares by a subsidiary of Intel ( INTC ) was priced at $16.50 per share.

The underwriters have been granted a 30-day option to purchase up to 7.5 million additional shares.

Mobileye will not receive any proceeds from the secondary offering, which is expected to close on Friday.

The company also said it has agreed to repurchase about 6.2 million common shares from the selling shareholder.