Arrive AI Announces 1-for-48 Reverse Stock Split to be Effective on November 12, 2026
Key Highlights
- ➤1-for-48 reverse split effective November 12, 2026, under ticker ARAI
- ➤Outstanding shares fall from approximately 68.8 million to 1.43 million
- ➤Split targets compliance with Nasdaq’s $1.00 minimum bid requirement
- ➤Nasdaq trading continues under ARAI with new CUSIP 04272H303
Expert Statements
Dan O'Toole, CEO of Arrive AI
“The reverse split will complete the drive to bring Arrive Ai back into compliance with the three Nasdaq deficiencies that were previously not in good standing. While this was not a fun exercise, it was in the interest of the company and our shareholder community for us to regain compliance so that we are able to move forward positively and with the best hope and expectation, optimally capitalizing and operating the business.”
Dan O'Toole, CEO of Arrive AI
“I know that we will be unbridled going forward!”
INDIANAPOLIS, IN / ACCESS Newswire / November 10, 2026 / Arrive AI (NASDAQ:ARAI), a physical AI and autonomous logistics infrastructure company enabling drones, autonomous mobile robots (AMRs), autonomous vehicles (AVs) and human couriers to securely exchange goods, today announced a 1-for-48 reverse stock split of its outstanding common stock. The reverse stock split will become effective at 12:01 a.m. ET on November 12, 2026. The common stock of the Company is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market ("Nasdaq") under the same symbol "ARAI" when the market opens on November 12, 2026, with the new CUSIP number 04272H303.
The reverse stock split is intended to increase the per share trading price of the Company's common stock to regain compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq. The reverse stock split will reduce the number of outstanding shares of the Company's common stock from approximately 68,773,551 shares pre-reverse split to approximately 1,432,782 shares post-reverse split.
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