Business
Arbe Announces Proposed Extension of Convertible Debenture Milestones
Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE) ("Arbe" or the "Company"), a global leader in perception radar solutions, today announced that, subject to approval of the bondholders, it proposes to extend to December 31, 2026 the deadline for meeting the conditions under its series A convertible bonds for the release of the proceeds raised from the issuance of the convertible bonds which proceeds are held by the trustee. Under the present terms of the bonds, if the conditions are not met by Dece
About this update from Arbe Robotics Ltd.
[{"type":"text","content":"TEL AVIV, Israel, Dec. 8, 2025 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE) ("Arbe" or the "Company"), a global leader in perception radar solutions, today announced that, subject to approval of the bondholders, it proposes to extend to December 31, 2026 the deadline for meeting the conditions under its series A convertible bonds for the release of the proceeds raised from the issuance of the convertible bonds which proceeds are held by the trustee. Under the present terms of the bonds, if the conditions are not met by December 31, 2025, the Company will be required to effect an early redemption of those bonds which have not been converted.","length":696,"tagName":"p"},{"type":"image","alt":"Arbe Robotics Logo","displaySize":"","headline":null,"caption":"Arbe Robotics Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/a93a503f7ea1985aa2e365a7c41f918a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ExfKlGrxLZN9BaiC8XH1ig--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a93a503f7ea1985aa2e365a7c41f918a","width":400,"height":400}}},{"type":"text","content":"Earlier today, the trustee published a notice regarding a meeting of the bondholders (without physical convening) to be held on December 16, 2025, to vote on the proposed extension and updated terms, which include a reduction of the interest rate of the bonds from 6.5% to 4.35% effective January 1, 2026. The bonds would remain convertible into Arbe's ordinary shares at a conversion price of ILS 9.53 (approximately $2.95) per share. In addition, if the amendment is approved by the bondholders, the Company is considering the issuance of additional bonds of the same series increasing the principal amount of outstanding bonds to up to $20 million. As of the date of this press release, the principal amount of outstanding bonds is approximately $8.5 million. The Company's board of directors has the discretion to determine whether to issue additional bonds and, if it approves the issuance, the amount and terms of any additional bonds which the Company may issue.","length":977,"tagName":"p"},{"type":"text","content":"The three conditions under these series A convertible bonds for the release ...