Arrival - ARVL STOCK NEWS

Arrival (NASDAQ: ARVL) reported its Q1 2021 results, maintaining an adjusted EBITDA loss of €27 million, an increase from €14 million in Q1 2020. Administrative expenses totaled €39 million, while R&D expenses stood at €7 million. Capital expenditures reached €41 million, and cash and cash equivalents were €516 million as of March 31, 2021. The company highlighted progress in vehicle design, testing, and Microfactory commissioning, with trials set to begin with UPS in July. Collaborations with STMicroelectronics, Hitachi, and Ambarella were also announced.

Arrival (NASDAQ: ARVL) announced the redemption of all outstanding Public Warrants effective July 19, 2021, following a sustained share price above $18.00. Each warrant will be redeemed at $0.01 unless exercised before the deadline. If all 12,937,493 warrants are exercised, the company could generate approximately $148.8 million. Unexercised warrants will be void post-redemption. This move aims to streamline capital structure as Arrival progresses in its mission to innovate electric vehicle production via its Microfactories.

Arrival announced that its registration statement on Form F-1 was declared effective by the U.S. SEC on June 17, 2021. This statement facilitates the resale of certain ordinary shares and warrants issued during Arrival's business combination with CIIG Merger Corp, finalized on March 24, 2021. Importantly, the declaration does not indicate SEC endorsement of the offering. Arrival aims to revolutionize the automotive industry through innovative electric vehicle production via scalable Microfactories, positioning itself competitively against fossil fuel alternatives.

Arrival (NASDAQ: ARVL), a leader in electric vehicle production, announced its management team's participation in two upcoming virtual investor conferences. The first is Edison Group’s “Future of Transportation” on June 15, 2021, at 7:00 am BST, followed by The Deutsche Bank Global Auto Industry Conference on June 17, 2021, at 7:30 am ET/12:30 pm BST. Webcasts will be available on Arrival's investor relations website. The company, founded in 2015, focuses on sustainable urban solutions and operates four microfactories in the USA, UK, and Spain.

Arrival (NASDAQ: ARVL) will present at two upcoming virtual investor conferences. The first is the Wolfe Global Transportation Conference on May 27 at 1:00pm ET, followed by the UBS Global Industrials and Transportation Conference on June 9 at 8:00am ET. Webcasts will be accessible on their investor relations website. Arrival is transforming the automotive industry with its innovative electric vehicle technologies and scalable Microfactories, aiming to provide cities with sustainable solutions for urban environments.

Arrival (NASDAQ: ARVL) became a publicly listed company, raising gross proceeds of $660 million. The company aims to revolutionize electric vehicle production through its Microfactories, promising lower costs and increased job creation. Recent partnerships, including one with Uber for the Arrival Car, signal a commitment to the ride-hailing market. The first quarter 2021 showed cash equivalents of €516 million and a projected adjusted EBITDA loss of €27 million. Public road trials for vehicles are anticipated to begin this summer and fall.

Arrival (NASDAQ: ARVL) will report its first quarter financial results for 2021 on May 13, 2021, before U.S. markets open. A webcast will follow at 8:00 a.m. Eastern Time, accessible via the company’s investor website. Arrival is focused on revolutionizing the automotive industry with its electric vehicle technologies, utilizing low-cost Microfactories and proprietary components. The company is deploying three Microfactories in North Carolina, South Carolina, and Bicester, UK in 2021, enhancing its scalable production capabilities.

Arrival (NASDAQ: ARVL) has filed its annual report on Form 20-F for the year ending December 31, 2020, with the SEC on April 30, 2021. The comprehensive report, which includes audited consolidated financial statements, is accessible on the company's investor relations website and the SEC's website. Shareholders can request a free hard copy of the report from the IR Department. Arrival is focused on transforming the automotive industry with its innovative electric vehicle technologies and plans to deploy three microfactories in the USA and UK in 2021.

Arrival, specializing in electric vehicles, has gone public on Nasdaq under symbols ARVL and ARVLW following its merger with CIIG Merger Corp. on March 24, 2021. CEO Denis Sverdlov highlighted a commitment to producing affordable EVs through innovative Microfactories. Strong interest includes a contract with UPS for 10,000 vehicles, with trials for the Arrival Van starting this Summer and the Bus in Q4 2021. With a focus on sustainability, Arrival aims to capitalize on the growing demand for commercial electric vehicles, expected to reach sales of 9 million units by 2030.