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Arrival (ARVL) Calls For Cash Redemption of Warrants

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Arrival (ARVL) Calls For Cash Redemption of Warrants

Electric vehicle (EV) manufacturer Arrival (NASDAQ:ARVL) disclosed in a press release today that it had elected to redeem its public warrants for cashless exercise at a price of $11.50. Arrival, which was the combination company of CIIG Merger Corp (NASDAQ:CIIG), and de-SPAC’d on March 19, 2021, currently has 12,937,493 public warrants outstanding. Registered holders of
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