Arrival to Report Second Quarter 2021 Financial Results on August 12, 2021; Reminder of Deadline for Public Warrant Redemption July 19, 2021
Arrival (NASDAQ: ARVL) will report its financial results for Q2 2021 on August 12, 2021, before U.S. market open. A live webinar will be held at 8:00 a.m. ET, accessible on the company's website. Furthermore, Arrival is notifying public warrant holders that all outstanding public warrants from its merger with CIIG Merger Corp. will be redeemed. Warrant holders have until 5:00 p.m. ET on July 19, 2021, to exercise their warrants. Arrival aims to transform the automotive industry with its innovative electric vehicle manufacturing approach and is establishing four Microfactories in the U.S. and Europe.
- Announcement of Q2 2021 financial results could highlight performance metrics.
- Deployment of Microfactories indicates growth and scalability.
- Redemption of public warrants could affect liquidity and investor sentiment.
LUXEMBOURG, July 15, 2021 (GLOBE NEWSWIRE) -- Arrival (NASDAQ: ARVL), the company creating electric vehicles (“EVs”) with its unique technologies, today announced that it will report financial results for the second quarter ending June 30, 2021 before the U.S. markets open on Thursday, August 12, 2021. The Company will host a corresponding webinar at 8:00 a.m. Eastern Time on that day. The live webinar will be accessible on the Company’s website at investors.arrival.com. A replay will be available approximately two hours after the conclusion of the live event.
Separately, Arrival reminds public warrant holders that the Company has elected to redeem all of the outstanding public warrants that were issued in connection with its business combination with CIIG Merger Corp., and registered holders will have until 5:00 p.m. New York City time on July 19, 2021 to exercise their Public Warrants. Holders desiring to exercise their Public Warrants should contact their brokerage firm to process their exercise and avoid redemption; brokers will likely have an earlier deadline for beneficial holders to exercise their Public Warrants. Additional information regarding warrant redemptions can be found in Arrival’s press release issued on June 18, 2021.
About Arrival
Arrival (NASDAQ: ARVL), a joint stock company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg, is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 with offices in Luxembourg, London, UK and Charlotte, North Carolina, USA, Germany, Israel, the Netherlands and Russia, with more than 1,900 global employees. The company is deploying its first four Microfactories in North Carolina, USA, South Carolina, USA, Bicester, UK and Madrid, Spain.
Media Contacts
For Arrival
Media
pr@arrival.com
Investors
ir@arrival.com
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