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Arrival (ARVL) receives non-compliance letter from Nasdaq because its stock share price is too low

Arrival Stock

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.

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Ahead of Nasdaq listing, Gogoro battery-swapping network raises millions more in SPAC deal

Late last year, it was announced that the battery-swapping Goliath known as Gogoro is going public on the Nasdaq stock exchange in a monumental deal that was set to value the company at around US $2.3 billion. Now we are learning that the company is raising millions more than initially expected as part of the deal.

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