Mobileye Global Inc. Announces Pricing of Secondary Offering of 50 Million Class A Shares by Intel Subsidiary

Reuters07-10

<a href="https://laohu8.com/S/MBLY">Mobileye Global Inc.</a> Announces Pricing of Secondary Offering of 50 Million Class A Shares by Intel Subsidiary

Mobileye Global Inc. (Nasdaq: MBLY) has announced the pricing of a secondary public offering of 50 million shares of its Class A common stock by Intel Overseas Funding Corporation, a subsidiary of Intel Corporation. The shares are priced at $16.50 each. Additionally, the underwriters have a 30-day option to purchase up to an additional 7.5 million shares. Concurrently, Mobileye plans to repurchase 6,231,985 shares from the Selling Stockholder at the same price per share as the offering. This repurchase was approved by Mobileye's disinterested directors. Furthermore, Intel Overseas Funding Corporation has indicated its intention to convert 50 million shares of Class B common stock into Class A shares. Mobileye itself is not selling any shares in this offering and will not receive any proceeds from the sale. The offering is expected to close on July 11, 2025, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mobileye Global Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250709615767) on July 10, 2025, and is solely responsible for the information contained therein.

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(Nasdaq: MBLY) has announced the pricing of a secondary public offering of 50 million shares of its Class A common stock by Intel Overseas Funding Corporation, a subsidiary of Intel Corporation. The shares are priced at $16.50 each. Additionally, the underwriters have a 30-day option to purchase up to an additional 7.5 million shares. Concurrently, Mobileye plans to repurchase 6,231,985 shares from the Selling Stockholder at the same price per share as the offering. This repurchase was approved by Mobileye's disinterested directors. Furthermore, Intel Overseas Funding Corporation has indicated its intention to convert 50 million shares of Class B common stock into Class A shares. Mobileye itself is not selling any shares in this offering and will not receive any proceeds from the sale. 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Announces Pricing of Secondary Offering of 50 Million Class A Shares by Intel Subsidiary\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-10 09:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/MBLY\">Mobileye Global Inc.</a> Announces Pricing of Secondary Offering of 50 Million Class A Shares by Intel Subsidiary\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Mobileye Global Inc. 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Announces Pricing of Secondary Offering of 50 Million Class A Shares by Intel Subsidiary\n    \n\n        Mobileye Global Inc. (Nasdaq: MBLY) has announced the pricing of a secondary public offering of 50 million shares of its Class A common stock by Intel Overseas Funding Corporation, a subsidiary of Intel Corporation. The shares are priced at $16.50 each. Additionally, the underwriters have a 30-day option to purchase up to an additional 7.5 million shares. Concurrently, Mobileye plans to repurchase 6,231,985 shares from the Selling Stockholder at the same price per share as the offering. This repurchase was approved by Mobileye's disinterested directors. Furthermore, Intel Overseas Funding Corporation has indicated its intention to convert 50 million shares of Class B common stock into Class A shares. Mobileye itself is not selling any shares in this offering and will not receive any proceeds from the sale. 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