Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (NASDAQ:INTC), is conducting the offering while Mobileye itself will not sell any shares or receive proceeds from the transaction. According to InvestingPro analysis, while Mobileye's stock has seen a -33.82% return over the past year, analysts are optimistic about its future profitability, with earnings forecasts turning positive for this fiscal year. As part of the arrangement, Mobileye has agreed to repurchase $100 million of its Class A common stock from Intel's subsidiary at the same price paid by underwriters in the offering. This repurchase was approved by Mobileye's disinterested directors not affiliated with the selling stockholder. Additionally, Intel's subsidiary plans to convert 50 million shares of Mobileye's Class B common stock into Class A common stock, contingent on the offering's completion.