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EV-maker Arrival gets delisting warning from Nasdaq



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Commercial electric vehicle company Arrival has gotten a warning from the Nasdaq Stock Market because its stock price is trading too low. The company issued a press release Thursday saying it received a notification at the start of the week that it was not in compliance with the Nasdaq’s requirement to trade ordinary shares above $1.00 per share for 30 consecutive business days preceding the date of notification.
The news comes just a couple of weeks after Arrival said it would restructure its business for the second time in six months, shifting focus away from the U.K. market to the United States, where its first EV vans were supposed to be delivered. Job cuts are expected, although Arrival has not come out with specifics on that yet. The company said it plans to further “right-size the organization and cut cash intensive activities” to extend its cash runway, which was $330 million at the end of the third quarter.
Arrival has a grace p …

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