Mobileye announces secondary offering of shares of class a common stock, concurrent repurchase and conversion

Jerusalem--(business wire)--mobileye global inc. (nasdaq: mbly) (“mobileye”) today announced the commencement of an underwritten secondary public offering of 45 million shares of mobileye's class a common stock by intel overseas funding corporation, a wholly owned subsidiary of intel corporation (the “selling stockholder”). the selling stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 6.75 million shares of mobileye's class a common stock. in addition.
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