Industrial Tech Acquisitions, Inc. (ITAC) Shareholders Approve Arbe Robotics Deal

arbe robotics

Industrial Tech Acquisitions, Inc. (ITAC) Shareholders Approve Arbe Robotics Deal

Industrial Tech Acquisitions, Inc. (NASDAQ:ITAC) secured shareholder approval of its combination with radar technology firm Arbe Robotics in a meeting held yesterday. The press release reported that Arbe will receive $118 million in gross proceeds from the deal comprised of just $18 million of cash following ITAC’s redemptions, which implies redemptions of approximately 75% of
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