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.