Welcome to our dedicated page for Arrival news (Ticker: ARVL), a resource for investors and traders seeking the latest updates and insights on Arrival stock.
Arrival Ltd. (Nasdaq: ARVL) is a London-based electric vehicle innovator revolutionizing commercial transportation through proprietary Microfactory technology. This news hub provides investors and industry observers with comprehensive coverage of the company's financial developments and operational milestones.
Track official announcements ranging from quarterly earnings to strategic partnerships and manufacturing innovations. Our curated collection ensures timely access to material updates affecting ARVL's market position, including corporate restructuring efforts and technological advancements in sustainable mobility solutions.
This resource serves as an essential tool for monitoring Arrival's progress in executing its vision of localized, efficient EV production. Users will find verified information on leadership decisions, production scaling initiatives, and regulatory developments impacting the zero-emission vehicle sector.
Bookmark this page for streamlined access to Arrival's evolving story in the electric vehicle industry. For direct inquiries, consult the company's authorized communications channels listed in their investor relations materials.
Arrival (Nasdaq: ARVL) has announced a 1-for-50 reverse stock split effective at 12:01 a.m. (ET) on April 14, 2023. This move aims to meet the minimum $1.00 bid requirement for maintaining its listing on Nasdaq. The extraordinary general meeting of shareholders held on April 6, 2023, approved this consolidation alongside a reduction in the company's authorized share capital to U.S.$540,000, resulting in approximately 15,262,180 Ordinary Shares outstanding, down from about 763 million. The reverse split will not affect shareholder percentage ownership or market capitalization and will be reflected in accounts automatically for shareholders. The company’s warrants and convertible notes will also undergo proportionate adjustments following the split.
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