Common Stock
- Symbol
- ARAI
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 3.01 · 8-K
Arrive AI Inc.
ARAINASDAQEQUITYCurrent
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On July 21, 2026, Arrive AI Inc. (the “ Company ”) received a notification letter (the “ Notification Letter ”) from The Nasdaq Stock Market LLC (“ Nasdaq ”) that the Company is not in compliance with the minimum Market Value of Publicly Held Shares (the “ MVPHS ”) set forth in Nasdaq Li…
Company context
We were incorporated on April 30, 2020, in the State of Delaware under the name of Dronedek Corporation. The Company changed its name to Arrive Technology Inc. on July 27, 2023. The Company changed its name to Arrive AI Inc. on September 30, 2024. We are a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox and platform system for smart, secure, and seamless exchange of packages, goods, supplies, food, and medications between people, through the use of robots, and drones. We began conducting commercial operations in 2025 and we had no revenues for fiscal years 2022, 2023 or 2024.
Current securities
Registered securities in this filing
Arrive AI Inc. · 8-K · Filed 2026-07-24
Disclosure sections
Item 3.01Item 3.01 - Notice of Delisting
Item
3.01. Notice of Delisting of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
July 21, 2026, Arrive AI Inc. (the “ Company ”) received a notification letter (the “ Notification Letter ”)
from The Nasdaq Stock Market LLC (“ Nasdaq ”) that the Company is not in compliance with the minimum Market Value of
Publicly Held Shares (the “ MVPHS ”) set forth in Nasdaq Listing Rule 5450(b)(2)(C) for continued listing on Nasdaq,
which requires a minimum MVPHS of $15,000,000 (the “ MVPHS Requirement ”), since the Company failed to meet the MVPHS
Requirement for a period of 32 consecutive business days from June 3, 2026 to July 20, 2026. The Notification Letter has no immediate
effect on the listing or trading of the common stock, par value $0.0002 per share, of the Company (“ Common Stock ”)
on Nasdaq and, as of the date hereof, the Common Stock will continue to trade on Nasdaq under the symbol “ARAI.”
The
Notification Letter provides that pursuant to Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180 calendar days, or until January
19, 2027, to regain compliance with Nasdaq Listing Rule 5450(b)(2)(C). To regain compliance, the minimum MVPHS must be at least $15,000,000
or more for a minimum of 10 consecutive business days prior to January 19, 2027. If the Company does not regain compliance by January
19, 2027, the Company will receive written notification from Nasdaq that its securities are subject to delisting. Alternatively, the
Company may consider applying for a transfer to The Nasdaq Capital Market (the “ Capital Market ”). In order to transfer,
the Company must submit an on-line transfer application, and meet the Capital Market’s continued listing requirements.
The
Company intends to monitor the MVPHS of its Common Stock and will consider implementing available options to regain compliance with the
MVPHS Requirement under the Nasdaq Listing Rules.