Mobileye Global Inc. (MBLY) has announced the launch of an underwritten secondary public offering of 45 million shares of its Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation.
Additionally, Mobileye has agreed to purchase $100 million of its Class A common stock from the Selling Stockholder at the same price per share as the underwriters in the offering.
Mobileye is not selling any shares in this offering and will not receive proceeds from the shares sold by the Selling Stockholder.