Arrive AI Announces $10 Million Share Repurchase Program
Rhea-AI Summary
Arrive AI (Nasdaq:ARAI) has announced a significant $10 million share repurchase program authorized by its Board of Directors. The program will run through March 31, 2026, allowing the company to repurchase shares through open market transactions, private negotiations, or Rule 10b5-1 trading plans.
CEO Dan O'Toole indicates that management views the company's stock as materially undervalued given its momentum in autonomous, secure delivery solutions. The repurchase program's implementation will depend on various factors including price, liquidity, and alternative capital uses, with flexibility to modify or terminate the program as needed.
Positive
- Board authorized $10 million for share repurchases through March 2026
- Management views stock as materially undervalued
- Company maintains flexibility in repurchase timing and execution
- Shows confidence in company's long-term growth prospects
Negative
- Program size is relatively modest
- Implementation subject to market conditions and blackout periods
- May reduce available cash for operations or growth initiatives
News Market Reaction
On the day this news was published, ARAI declined 9.00%, reflecting a notable negative market reaction. Argus tracked a peak move of +7.3% during that session. Argus tracked a trough of -27.8% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $13M from the company's valuation, bringing the market cap to $136M at that time. Trading volume was exceptionally heavy at 5.2x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
INDIANAPOLIS, INDIANA / ACCESS Newswire / September 8, 2025 / Arrive AI (Nasdaq:ARAI) today announced that its Board of Directors has authorized a share repurchase program of up to
The authorization reflects the Board's view that the current share price represents an attractive investment relative to Arrive AI's long-term opportunities. Repurchases may be made from time to time in the open market, through privately negotiated transactions, or under Rule 10b5-1 trading plans, in each case in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and subject to market conditions and other factors, including customary blackout periods. The program may be modified, suspended, or terminated at any time at the Company's discretion. The timing and actual number of shares repurchased, if any, will depend on a variety of factors, including price, liquidity, and alternative uses of capital.
Dan O'Toole, Founder and CEO of Arrive AI, said:
"We believe ARAI is materially undervalued given our momentum and the scale of the opportunity in autonomous, secure delivery. This authorization gives us the flexibility to be opportunistic when conditions are favorable, while we continue executing and building long-term shareholder value at the last inch of the last-mile."
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About Arrive AI
Arrive AI's patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered Arrive Points™, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at www.arriveai.com and via the company's press kit.
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Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's share repurchase program, strategic priorities, and prospects. Forward-looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause such differences include, among others, market conditions, the trading price and liquidity of the Company's common stock, the Company's financial performance, available capital, alternative uses of capital, and other risks described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by law. There is no assurance as to the timing, number, or value of shares to be repurchased under the program, if any, and the program may be modified, suspended, or discontinued at any time.
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Media & Investor Contact
Kylie Conway
Arrive AI
investorrelations@arriveai.com | 463-270-0092
SOURCE: Arrive AI Inc.
View the original press release on ACCESS Newswire
FAQ
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When does ARAI's share buyback program expire?
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