DelistingApr 28, 2026, 04:12 PM
ARAI Regains Nasdaq Compliance; Delisting Matter Closed
AI Summary
Arrive AI Inc. (ARAI) announced it has regained compliance with Nasdaq's minimum market value of publicly held shares (MVPHS) requirement. The company initially received a delisting notice on March 31, 2026, for failing to maintain an MVPHS of $15,000,000 over 30 consecutive business days. However, ARAI's MVPHS exceeded $15,000,000 for 10 consecutive business days from April 10 to April 23, 2026, leading Nasdaq to close the matter.
Key Highlights
- Arrive AI Inc. (ARAI) received a Nasdaq delisting notice on March 31, 2026.
- The company failed to maintain a minimum market value of publicly held shares (MVPHS) of $15,000,000 for 30 consecutive business days.
- ARAI regained compliance with Nasdaq Listing Rule 5450(b)(2)(C).
- MVPHS was $15,000,000 or greater for 10 consecutive business days from April 10 to April 23, 2026.
- The Nasdaq Listing Qualifications Department has closed the matter.