Nasdaq grants Arrival required extension to file annual report on Form 20-F

Arrival announced that the Nasdaq Stock Marke has determined to grant Arrival an exception to Listing Rule 5250(c)(1) , giving Arrival an extension of the deadline to file its Annual Report on Form 20-F for the fiscal year ended December 31 .As Arrival announced in its press release dated May 5 on May 2 , Arrival received a deficiency letter from Nasdaq notifying Arrival that due to its failure to file the 2022 20-F within the prescribed period of time, Arrival no longer complied with the Rule, which requires timely filing of all required periodic financial reports with the U.S. Securities and Exchange Commission. Nasdaq informed Arrival that it had sixty (60) calendar days to submit a plan of compliance to Nasdaq detailing how the Company planned to file the 2022 20-F and regain compliance with Nasdaq’s continued listing requirements.