SPAC Route to IPO

摘要

Arbe Robotics, the Israeli developer of “the world’s first and only available long-range, 4-D imaging radar … for every level of vehicle autonomy,” is expected to soon list on the Nasdaq through a business combination with Industrial Tech Acquisitions, Inc. of Texas, a Special Purpose Acquisition Company (SPAC). The transaction values Arbe at a post-money pro forma enterprise value of 572 million US dollars. With 80 employees, the company expects revenues of just eight million US dollars 2021. Remarkably, revenues are expected to soar to 312 million US dollars by 2025. Founded in 2015, Arbe has introduced a high-resolution radar that it claims has twelve times better resolution than competing radars currently in the market. The radar separates, tracks, and identifies objects in 2K resolution in both azimuth and elevation. The fabless chip company says that its chipset has the largest channel array count in the industry with 48 receiving and 48 transmitting RF channels, a dedicated processor chip, and AI-based post-processing.