Arrival regains compliance with Nasdaq minimum bid price requirement

Arrival announced that it has received notice from The Nasdaq Stock Market LLC informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Select Market and that the matter is now closed. To regain compliance with the Rule, the company’s ordinary shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved on April 27, 2023. Therefore, the Nasdaq Listing Qualifications Staff has closed the deficiency case for Arrival.