Industrial Tech Acquisitions, Inc.
ITAC
NASDAQ Capital Market8.20
USD
-0.17
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Industrial Tech Acquisitions, Inc.
ITAC
(NASDAQ Capital Market)
Recent
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8.20
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div
yld
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ROIC.AI
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- Business
- Industrial Tech Acquisitions, Inc. (NASDAQ: ITAC) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, primarily targeting North American companies in industrial and energy-focused technology sectors including software, mobile applications, Internet of Things (IoT), artificial intelligence (AI), digital energy transition, logistics, transportation, cloud and cyber communications, high bandwidth services such as LTE and 5G, and remote sensing technologies. Sponsored by Texas Ventures, a Houston-based technology and venture capital firm, the company offers no current products or services beyond its SPAC structure, which provides public market access through structured financing and capital markets expertise to support entrepreneurs building exceptional companies in emerging trends. Founded in 2020 and headquartered at 5090 Richmond Avenue, Suite 319, Houston, Texas, ITAC maintains operations principally in the United States with a geographic focus on North American acquisition targets across industrial technology and energy transition industries, serving investors, sponsors, and potential merger partners such as automakers, tier-1 suppliers, and industrial vehicle manufacturers. In its most significant development, ITAC completed a business combination with Arbe Robotics Ltd., an Israeli developer of next-generation 4D imaging radar chipset solutions for automotive safety, driver-assist systems, autonomous vehicles, and industrial applications, on October 7, 2021, following shareholder approval on October 5, 2021; the merged entity adopted the name Arbe Robotics Ltd. (NASDAQ: ARBE), with its ordinary shares and warrants commencing trading on Nasdaq on October 8, 2021 under the tickers ARBE and ARBEW, respectively, after entering a definitive agreement on March 18, 2021, filing a draft Registration Statement on Form F-4 on June 29, 2021, and amending the agreement on June 28, 2021 to extend the closing deadline to October 31, 2021 and adjust warrant treatment from equity to liability. Post-merger, ITAC effectively ceased independent operations as a standalone SPAC, with its legacy structure integrated into Arbe's public listing, marking the completion of its primary strategic objective without further disclosed acquisitions, funding rounds, or operational shifts in recent periods.
Arbe Named a 2021 Automotive News PACEpilot Innovation to Watch
Industrial Tech Acquisitions, Inc. and Arbe Robotics Ltd. Announce Special Meeting Date for Proposed Business Combination
Arbe to Present at the 2021 J.P Morgan Automotive Conference
Industrial Tech Acquisitions and Arbe Robotics announce Submission of Draft Registration Statement to the Securities and Exchange Commission with respect to proposed business combination
Arbe Announces Availability Of 4D Imaging Radar Solution On NVIDIA DRIVE Platform