News for CIIG Merger Corp. (CIIC)

Nasdaq-listed Arrival, which has seen its shares plummet by 95% over the last year, is in talks with EY about acting as administrator if the company cannot secure rescue funding, Sky News learns.

The British-based company which once boasted a valuation of more than £4bn is now worth barely £10m and is working with Jefferies to secure money to keep it afloat, Sky News learns.

Alvarez & Marsal has told would-be bidders for the Nasdaq-listed company that a takeover deal would need to be completed within weeks if it is to survive, Sky News learns.

Arrival, the EV upstart, may file for bankruptcy soon after its failed merger attempt. Click here to find out my analysis of ARVL stock.

The New York-listed company has drafted in Alvarez & Marsal to prepare contingency plans for an insolvency filing if it cannot secure new funding, Sky News learns.

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Reporter Rebecca Bellan is back in the driver's seat the next couple of weeks as I stash my laptop and head out for some adventures (planes, ferries and bikes included). India has been leading the shift to electric two-wheelers, but the rollback of a popular government incentive has caused sales to nosedive, Jagmeet Singh reports. In May, the Indian government revised its incentive scheme, reducing subsidies from $183 per kWh (up to 40% of the vehicle price) to $122 per kWh of battery capacity (up to 15% of vehicle price).

Losers among transportation startups are rapidly being defined, It will take longer to determine the winners. The post Carnage grows among transportation startups appeared first on FreightWaves.

(Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery unit, the companies said

Plus, a tech entrepreneur learns the dangers of talking too much, and Arrival takes Spacs for another spin

Arrival's agreement to merge with a SPAC for a second time looks like a creative effort to raise much-needed capital. See why I think ARVL stock is an avoid.

SAN DIEGO, Feb. 20, 2022 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Arrival SA (NASDAQ: ARVL) common shares...

/PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Arrival SA (NASDAQ: ARVL) common shares between November 18, 2020...

/PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Arrival SA (NASDAQ: ARVL) common shares between November 18, 2020...

SAN DIEGO, Jan. 16, 2022 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Arrival SA (NASDAQ: ARVL) common shares...

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to...

SAN DIEGO, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Arrival SA (NASDAQ: ARVL) common shares...

Video game developer Nexters and a Russian special purpose acquisition company Kismet have completed their business combination to start trading Nexters Inc. shares on the U.S. Nasdaq on Friday,... | August 27, 2021