Arbe Robotics Proposes Extension of Convertible Debenture Milestones Amid Strategic Adjustments

Arbe Robotics Proposes Extension of Convertible Debenture Milestones

Tel Aviv, Israel - December 8, 2025
Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE), recognized as a leader in perception radar technology, has made a significant announcement regarding its convertible debenture milestones. If approved by bondholders, this proposal seeks to extend the deadline to December 31, 2026, for fulfilling conditions tied to its series A convertible bonds. Currently, if the specified conditions are not met by the initial deadline of December 31, 2025, the company would need to initiate an early redemption process for any unconverted bonds.

Earlier today, the trustee responsible for overseeing these bonds released a notice about an upcoming remote meeting for bondholders scheduled for December 16, 2025. During this meeting, they will vote on the proposed extension and revised terms. These proposed updates include a notable reduction of the interest rate from 6.5% to 4.35%, set to take effect on January 1, 2026. The conversion price for the bonds will remain at ILS 9.53 (approximately $2.95) per share.

Furthermore, if the bondholders sanction this amendment, Arbe is contemplating the issuance of additional bonds of the same series, raising the total outstanding amount to up to $20 million compared to the current approximate $8.5 million. The board of directors at Arbe is equipped with the discretion to determine whether to proceed with further bond issuance along with any associated terms.

The conditions that must be met for the release of funds from the trustee entail the following:
1. Contractual Approval: The company must win a tender to supply its radar chip products as a sole supplier to one of ten specified major automobile manufacturers, either directly or via an international Tier 1 manufacturer.
2. Trade Price Stability: The average closing price of Arbe's shares on NASDAQ should not drop below $3.10 for 30 consecutive trading days, alongside an average trading volume exceeding 300,000 shares daily across NASDAQ and TASE within that period.
3. Documentation Concerns: The closing price of Arbe's shares on NASDAQ upon the presentation of documentation confirming these conditions should also be no less than $3.10.

This call for an extension comes following recent developments indicating that Arbe does not anticipate securing a potential strategic program award from a European Original Equipment Manufacturer (OEM) imminently. Nevertheless, the company reassures stakeholders that its objectives for 2026 remain intact.

About Arbe Robotics

Arbe Robotics (NASDAQ: ARBE) is at the forefront of ultra-high-resolution radar solutions, positioning itself as a pioneer in revolutionizing radar technology. Its innovative radar chipset surpasses existing systems by providing up to 100 times more detail. This advancement empowers automotive manufacturers and Tier 1 suppliers to create safe driving systems, ranging from Advanced Driver-Assistance Systems (ADAS) to fully autonomous driving capabilities. The company's technology is crucial in delivering real-time 4D imaging, facilitating accurate mapping for safe navigation in various environmental conditions. Headquartered in Tel Aviv, Arbe also has operational facilities in the United States, Germany, and China, catering to passenger, commercial, and industrial vehicles.

For further information, visit Arbe Robotics.

Cautionary Note

This announcement contains forward-looking statements as defined within the Securities Act and the Securities Exchange Act. Terms such as "expect," "believe," and similar expressions indicate these are predictions subject to risks and uncertainties. They include aspects such as bondholder approval of the proposed changes, and the potential timing of contract awards and financial guidance. Various economic factors, geopolitical issues, and changes in foreign policies may influence these outcomes. Therefore, stakeholders are advised to avoid placing excessive reliance on these projections. Forward-looking statements are time-sensitive and dependent on the conditions at the time they are made, and Arbe does not have an obligation to update these statements unless mandated by legal or regulatory requirements.