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Arrival may have to depart from the Nasdaq.
The UK-based EV startup reporting receiving a warning from the Nasdaq that its share price has been trading below $1 for the last 30 days, putting it at a risk of delisting. Arrival now has 180 days to get back in to compliance, which basically translates into getting its share price at or above $1 for a span of 30 consecutive days. Its the latest mobility startup to see its valuation plummet after a spate of SPAC mergers over the last two years.
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