Industrial Tech Acquisitions, Inc.
Completed 2021-10-06- CIK 1816696
- ITAC
- Now ARBE
- IPO 2020-09-10
- $77M trust
- 64 filings
Successfully merged with Arbe Robotics Ltd. • Now trading as ARBE
- IPO Size
- $75M
- raised at the IPO
- Trust
- $77M
- as of 2021-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
64 filings over 6 quarters; violet bars carry a milestone
- 20 Q3: 17 filings
- 20 Q4: 5 filings
- 21 Q1: 12 filings
- 21 Q2: 13 filings
- 21 Q3: 10 filings
- 21 Q4: 7 filings
- S-1 filed 20 Q3
- IPO 20 Q3
- Definitive agreement 21 Q1
- Completed 21 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Industrial Tech Acquisitions, Inc. is a blank-check company seeking a business combination. It intends to focus on North American targets in industrial and energy-focused technology, including software, mobile and IoT applications, cloud communications and ultra-high bandwidth services such as LTE and 5G.
Investment Focus
Industrial, Energy, Software, Internet of Things, Communications
Geographic Focus
North America
Key Information
As the filings state it
- IPO Date
- 2020-09-10
- PIPE
- $100M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-10-06
- Merger Target
- Arbe Robotics Ltd.
- SPAC Ticker
- ITAC
- Merged Ticker
- ARBE
Stock Performance
ARBETrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2020-10-30 | $9.65 | |
| At Merger | 2021-10-07 | $8.20 | -15% |
| 6 Months Post-Merger | 2022-04-12 | $7.60 | -7% |
| 1 Year Post-Merger | 2022-10-07 | $5.99 | -27% |
| 2 Years Post-Merger | 2023-10-10 | $2.26 | -72% |
| Current Price | 2026-10-02 | $0.61 | -94% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team brings technology entrepreneurship, venture capital, private equity, investment banking and operating experience. Chairman and CEO E. Scott Crist has founded and exited technology, telecommunications and industrial businesses; the team also includes seasoned finance and deal-making executives and director nominees with technology, industrial, energy, investment and operating backgrounds.