ARRIVAL Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

May 5, 2023

https://www.globenewswire.com/news-release/2023/05/05/2662514/0/en/ARRIVAL-Receives-Nasdaq-Notification-of-Non-Compliance-with-Listing-Rule-5250-c-1.html

LUXEMBOURG, May 05, 2023 (GLOBE NEWSWIRE) — Arrival (Nasdaq:ARVL) (“Arrival” or the “Company”), inventor of a unique new method of design and production of electric vehicles, today announced that it received a notice (the “Notice”) on Tuesday, May 2, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “2022 20-F”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

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