Arrival Results Presentation Deck
Q4 2022 Update
March 2023
Fundraising & Compliance
Nasdaq Compliance
Today announced the calling of an Extraordinary General Meeting of
shareholders to vote on a capital reduction as well as approve the proposal to
enact a reverse stock split before May 1, thus curing our $1 deficiency notice
Capital for Vehicle Programs & Factories
Dedicated capital is required to fund the further development of the U.S. XL
Van and start of production in Charlotte
$500M projected capital required to:
Invest in supplier production tooling
Prototyping
Completing the procurement and installation of equipment
in the Charlotte factory
Provide working capital to start production in late 2024
To fund the XL program this year, $100-$150M would need to be raised
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