Arbe Robotics Ltd. has announced that it will complete its business combination with Industrial Tech Acquisitions Inc., a publicly traded special-purpose acquisition company or SPAC. The Tel Aviv, Israel-based company has developed 4D imaging radar chipsets for driver-assist systems and self-driving vehicles. It expects to begin trading its ordinary shares and warrants on Nasdaq tomorrow under the ticker symbols “ARBE” and “ARBEW,” respectively.

“Becoming a publicly traded company extends our first-mover advantage and market-leading position as we continue to spearhead a radar revolution,” stated Kobi Marenko, CEO of Arbe. “We continue to see strong customer uptake in our chipset as they recognize the superior capabilities of our products and significant cost advantages, and we expect that momentum to carry forward in the years ahead.”

“The completion of the merger will help us accomplish our mission by enhancing our capital structure to fuel our product innovation process and accelerate our go-to-market strategy,” he said.