RegulatoryApr 4, 2026, 07:41 AM
Arrive AI Inc. Receives Nasdaq Delisting Notices for MVPHS and MVLS Deficiencies
AI Summary
Arrive AI Inc. received notification from Nasdaq that it is not in compliance with the minimum Market Value of Publicly Held Shares (MVPHS) and the minimum Market Value of Listed Securities (MVLS) requirements for continued listing. The company has until September 28, 2026, to regain compliance with the MVPHS requirement, and may consider transferring to The Nasdaq Capital Market.
Key Highlights
- Arrive AI failed to meet the $15 million MVPHS requirement for 30 consecutive business days.
- Arrive AI also failed to meet the $50 million MVLS requirement for continued listing on The Nasdaq Global Market.
- The company has 180 days to regain compliance with the MVPHS requirement or face delisting.
- Arrive AI may consider applying for a transfer to The Nasdaq Capital Market.