TECH - Arrival's Dilemma Deepens: Electric Van Maker Gets Nasdaq Delisting Notice Amid Talks For Financial Lifeline | Benzinga
EV maker Arrival SA (NASDAQ:ARVL) said on Monday that it has been notified by Nasdaq about an upcoming suspension in the trading of its securities and subsequent delisting.
What Happened: Nasdaq, in the letter received by the company on Jan. 26, said that the company’s securities would be suspended on Jan. 30.
Last week, Sky News reported that Arrival is in discussions with EY to step in as administrator should the company fail to acquire necessary rescue funds. The UK-based company, once harboring grand plans ...