Arrival's spectacular fall continues with a delisting from Nasdaq

Group 1 - Arrival is being removed from the Nasdaq stock exchange as it approaches dissolution, with trading suspension effective January 30 [1] - The company failed to post financial results on time and did not file a remediation plan with Nasdaq [1] - Arrival had previously secured a $50 million lifeline to explore asset sales but is now in talks with EY for an administration process similar to bankruptcy [1] Group 2 - Arrival aimed to revolutionize electric vehicle production through microfactories, achieving a valuation of $13 billion after going public in 2021 [2] - The company has struggled to operationalize its business model, leading to multiple layoffs and a failed merger attempt with another SPAC [2] - Arrival's current valuation is approximately $20 million, and it has not delivered a fully operational vehicle to customers like UPS or Uber [2]