DelistingJun 5, 2026, 04:23 PM
Arrive AI Receives Nasdaq Delisting Notice for Bid Price Non-Compliance
AI Summary
Arrive AI Inc. received a deficiency letter from Nasdaq on June 2, 2026, indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company's common stock has traded below this threshold for the past 30 consecutive business days. Arrive AI has been granted a 180-calendar-day compliance period, until November 30, 2026, to regain compliance, with a potential for a second 180-day period. The company plans to monitor its stock price and evaluate options to meet the requirement.
Key Highlights
- Arrive AI Inc. received a deficiency letter from Nasdaq on June 2, 2026.
- The company is not in compliance with Nasdaq's $1.00 minimum bid price requirement (Rule 5450(a)(1)).
- The notice has no immediate effect on the Common Stock's listing status.
- Arrive AI has 180 calendar days, until November 30, 2026, to regain compliance.
- To regain compliance, the stock's closing bid price must be $1.00 or more for at least ten consecutive business days.
- The company may qualify for a second 180-day compliance period if it meets other listing standards.
- Arrive AI intends to monitor its stock price and evaluate options to regain compliance.
Price Impact
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