ITAC Industrial Tech Acquisitions, Inc. - Class A

Industrial Tech Acquisitions, Inc. operates as a blank check company. The company is headquartered in Houston, TX.

On 3/18/2021 the company announced a pending merger with Arbe Robotics Ltd., an Israeli company and leading provider of next-generation 4D Imaging Radar solutions. Arbe’s 4D Imaging Radar is suitable for every level of vehicle autonomy, and is a vital sensor for Level 2+ and higher, with significantly superior resolution to other competing radar solutions. Assuming no redemptions, the SPAC shareholders will own 14% of the company. The $100 million PIPE at $10 per share will own 14%. Valuation is tricky as Arbe is essentially a startup with estimated revenues in 2021 of $8 million.  

$10.07  0.00 (0.00%)
As of 09/17/2021 10:27:10 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Common stocks
Category3:  Micro cap
GICS sector:  Financials
Industry:  Shell Companies
Index country:  USA
Country of incorporation:  
IPO date:  10/30/2020
Outstanding shares:  7,774,836
Average volume:  26,501
Market cap:   $78,292,599
Current dividend yield:  0.00%
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Valuation   (See tab for details)
PE ratio:   0.00
PB ratio:   0.00
PS ratio:   0.00
Return on equity:   0.00%
Net income %:   0.00%

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