Welcome to our dedicated page for ARVL news (Ticker: ARVL), a resource for investors and traders seeking the latest updates and insights on ARVL stock.
This page contains historical news coverage for Arrival Ltd (ARVL), which operated as an electric vehicle manufacturer focused on commercial vehicles. The company has since been delisted from NASDAQ. This archive provides context on the company's business developments and the challenges that led to its delisting.
The news archive documents Arrival's journey as a publicly traded electric vehicle company, including its SPAC merger, attempts to scale production through microfactory facilities, and efforts to secure capital for commercialization. Coverage includes NASDAQ compliance notifications, equity financing announcements, reverse stock split decisions, and business restructuring efforts.
Arrival's news flow centered on capital raising activities, production timeline updates, partnership announcements with fleet operators, and regulatory compliance matters. The company generated significant attention during the electric vehicle investment boom as investors evaluated its novel manufacturing approach and commercial vehicle market positioning.
Browse this historical news archive to understand Arrival's business strategy, the operational challenges faced by electric vehicle startups, and the events that preceded the company's delisting from major exchanges.
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.
