Arrival (ARVL) receives non-compliance letter from Nasdaq because its stock share price is too low
November 4, 2022
EV startup Arrival announced that it has received a non-compliance letter from the Nasdaq Stock Market LLC, informing the company that the closing bid price has been below the minimum $1.00 per share for at least consecutive 30 days. Arrival now has until May to meet the minimum bid requirement to avoid being delisted on the stock market.
Arrival ($ARVL) is an EV start-up focused on delivering…