Arrival achieves public listing on NASDAQ through merger with CIIG Merger Corp
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By Jim Gibbins - 1st May 2021
UK / USA – Electric van and bus manufacturing start up, Arrival Ltd of London, UK, on 24 March 2021 completed its previously announced merger with CIIG Merger Corporation of New York, NY, USA to become a publicly listed company trading on the Nasdaq Global Select Market with its ordinary shares and warrants listed under the new ticker symbols ‘ARVL’ and ‘ARVLW’, respectively.
Following the listing, CIIG said it planned to use approximately USD660m of the gross proceeds raised to ramp up delivery of its electric vehicles and expand its global network of Micro-factories.
