Arbe Robotics (NASDAQ:ARBE) shares surge 27% on defense deal, market cap up $23M
Arbe Robotics Ltd. popped 27.0% Tuesday after saying a global defense integrator picked its radar for three projects. That move added about $22.8 million in market value before Arbe named any amount for the deal. Shares finished at 87.4 cents, trading their busiest day in months. The market moved fast to price in a big win.