Arbe Robotics (Industrial Tech Acquisitions) ^{Priced, Nasdaq: ARBE}

We are a newly incorporated company. While we may pursue an initial business combination target in any business, industry or geographical location, we intend to focus our search on North American targets operating in the industrial and energy focused technology areas including software, mobile and Internet of Things applications, cloud communications and ultra-high bandwidth services, including LTE and 5G communications. Our management team believes that the adoption of technology in the industrial and energy sectors has traditionally evolved at a slower pace than most other industries. Our management team believes that this is due to large companies that have entrenched and siloed management teams and decision processes which discourage collaboration and adoption of new technologies. Our business combination criteria will not be limited to a particular industry or geographic sector, however, given the experience of our management team and board, we intend to focus our search on industrial and energy technology companies with an enterprise value of approximately $250 million to $500 million.