Arrival (ARVL) Announces 25M Share Follow-on Offering
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Arrival (ARVL) Prices Upsized 32.37M Share Follow-on Offering at $9.50/sh
November 19, 2021 5:43 AM ESTArrival (NASDAQ: ARVL), announced today the pricing and upsize of its underwritten public follow-on offering (the Follow-on Offering). The size of the Follow-on Offering increased from the previously announced 25,000,000 ordinary shares to 32,373,684 ordinary shares at a public offering price of US$9.50 per ordinary share. The Follow-on Offering is being made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (SEC). The Follow-on Offering is expected to close on November 23, 2021, subject to... More
Why EV Stock Arrival (ARVL) Plummeted 15% Today
November 17, 2021 10:05 AM ESTShares of electric vehicle (EV) manufacturer Arrival (NASDAQ: ARVL) are down 15% today after the company announced today it will offer 25 million of its ordinary shares in a follow-on offering.
Arrival shares were hit as the company seeks to raise over $500 million... More
