Excluding the Special Meeting Date for Proposed Business Combination, Announce Special meetings Dates for the Proposal Business Mixer
TEL AVIV, Israel and HOUSTON, Texas, Sept. 14, 2021 /PRNewswire/ -- Arbe Robotics Ltd. ITAC announced today that it has scheduled a special meeting of its stockholders, which will take place on October 5, 2021, at 10:00. The Eastern Time is right now. The stockholders of record as of August 24, 2021, are eligible to receive notification and vote at the special meeting. ITAC announced that it also filed an initial proxy statement regarding the special meeting with the SEC. All the stockholders of ITAC are strongly encouraged to review the definitive proxy statement when it is available and to vote as soon as possible before the special meeting. The definitive proxy statement will be available to ITAC's stockholders as soon as possible after a clearance from the Securities and Exchange Commission.
The proxy statement will provide details on Arbe, ITAC, the terms and conditions of the merger and the rights of its holders. The document will show the details of all the parties' transactions and a statement of dissent
"We're excited to reach this important milestone in the transaction process." We're excited to complete the business together with Arbe as the company enters its next phase of innovation and growth.
The ITAC Stockholders vote for ITAB voting.
Stockholders who own shares of ITAC as of the date of publication should submit their vote promptly and at least 11:59. On October 4, 2021, Eastern Time on October 4. Those who require assistance with the completing the proxy card, need additional copies of the document, or have questions about the special meeting may contact ITAC's proxy solicitor, Laurel Hill Advisory Group, LLC by telephone, at
If the business combination is approved by ITAC stockholders, closing will occur shortly following the special meeting, unless a claim is satisfied or void of the remaining conditions of business agreement. The shares of Arbe will be listed on Nasdaq Stock Exchange under the symbol "ARBE" and its public warrants will become listed under "AARBAW".
About Arbe Robotics, Ltd.
Arbe, the global leader in 4D Imaging Radar Chipset Solutions, is pioneering a radar revolution, allowing real-time driver-assist systems today while paving the way for full autonomous driving. Arbe's imaging radar is 100 times more detailed than any other radar on the market, and has a unique ability to communicate with interdisciplinary repercussions. The augmented reality technology and accelerated discovery of measurable and Arbe is a leader in the fast-growing automotive radar market with an estimated addressable market of $11 billion in 2025. Arbe is a military headquarters in Tel Aviv, Israel and has ten employees in the United States.
About Industrial Tech Acquisitions, Inc.
ITAC is a blank check company formed to enter into essentially monopoly, merger, share exchange, asset acquisition, stock acquisition and recapitalization. In the end, they are merged in reorganization or other similar ITAC is sponsored by Texas Ventures, a leading technology and venture capital firm with extensive experience in capital markets and structured finance. The firm provides guidance, insight and capital to assist entrepreneurs and managers who desire and want to build exceptional companies. The Texas Ventures approach is to identify emerging trends and opportunities prior to recognition by the broader marketplace. The goal is finding a proactive approach to working with entrepreneurs and managers who are determined to build world-class companies.
Important Notice Regarding Forward-Looking Statements Important Note Regards Forward Looking New Statement.
This press release contains certain "forward-looking statements" which are comprised of the Securities Act of 1933 and the securities exchange Act 1934, both as amended by the Private Securities Litigation Reform Act 1995. The words "expect," "believe,", "estimate," and "plan", "anticipate", ("project",'may","should",", and -"strategy", the "f Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and therefore subject to risks and uncertainties.
These forward-looking statements are not guarantees of future performance and subject to various risks and uncertainties, including assumptions about general economic, market, industry, regulatory and operational factors, known or unknown, which could and are likely to cause the actual results to As a result, the SEC should examine the risks and uncertainties described in the requirement, "Risk Factors, Analysis of Financial Condition and Results of Operations," "Report of Organization's Management," and For example, since the registration statement on Form F-4 has not been declared effective by the SEC, the final proxy statement/prospectus forming a part of Form 4 and the definitive proxy statements sent to ITAC's stock Accordingly, you should not place unreasonable reliance on these forward-looking statements.
Any right to update forward-looking statements for a date of the date they were made, is no obligation or obligation to change their forward forwardlooking statement to reflect events or circumstances after the day they're made.
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