Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Short-Term Loan

Short-Term Loan
12 Months Ended
Dec. 31, 2022
Short Term Loan [Abstract]  



On August 16, 2021, the Company and its wholly-owned U.S. subsidiary, Arbe Robotics US, Inc., entered into a debenture agreement with Scintilla Fund L.P. (“Scintilla”) pursuant to which the Company had the right to borrow up to $10,000.


In August 2021, the Company borrowed $5,000. The Company had the right to borrow an additional $5,000 within 90 days from the initial disbursement but did not exercise this right. The loan bore interest at 10% per annum and matured on July 1, 2022. The Company paid a $250 facility arrangement fee at the initial closing and was obligated to pay a fee equal to 4% of the amount borrowed when the loan is repaid. On June 30, 2022, the loan was paid and a fee of $ 200 was paid.