CIIG Merger Corp (CIIC)


Stock Price Forecast

March 24, 2021


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About the Company

Arrival is a British electric vehicle manufacturer headquartered in Howald, Luxembourg of primarily lightweight commercial vehicles. In June 2020, Arrival announced a new passenger bus designed for coronavirus-era social distancing.R&D takes place at their facility in Banbury, Oxfordshire. In March 2020, Arrival acquired a new factory in Bicester with plans to be operational by 2021 and start production in 2022. In December 2020, Arrival established its North American headquarters in Charlotte, North Carolina, US. Arrival claims that their electric vehicles are the first EVs that cost the same as petrol and diesel equivalents. The company has created an electric vehicle platform that can be scaled to make many variants in multiple vehicle categories. Arrival raised $118 million from US funds manager BlackRock in October 2020, adding to previous investment from Korean automaker Hyundai Motor Co and sister company Kia Motors Corp of $111 million. In November 2020, it was announced that Arrival would list on NASDAQ by merging with special-purpose acquisition company CIIG Merger Corp.In late May 2021, Arrival announced that it would be building electric cars for Uber ride-hailing drivers, with production expected in Q3 of 2023. In August 2021, Arrival President Avinash Rugoobur stated that the company would open a product development R&D center in India due to increasing interest from that market. In November 2021, the company announced that it would start production the following year.In January 2023, the company cut 800 UK jobs, about half the remaining workforce, to reduce costs while seeking extra funding and planning to expand in the US to take advantage of green energy subsidies. It still employs 400 employees worldwide.In February 2024, after getting its stock delisted from the Nasdaq, Arrival's UK division entered administration, with future plans of a sale of Arrival and all of its affiliated assets.

Exchange

NASDAQ CAPITAL MARKET

$60M

Total Revenue

None

Employees

$2B

Market Capitalization

-12.78

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $CIIC News

Why does the government interfere with big company mergers?

11d ago, source: scrippsnews on MSN

JetBlue and Spirit Airlines recently called off their merger agreement, weeks after losing a federal antitrust lawsuit.

Trailblazer Merger Corp I - Ordinary Shares - Class A

4d ago, source: U.S. News & World Report

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business ...

Merger Mines Corp MERG

13d ago, source: Morningstar

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...

Winter Sports Retailers Formed after Buying Group Merger

14d ago, source: SGI News

Snowsports Merchandising Corporation and Sports Specialists Ltd have combined to form Winter Sports Retailers, bringing together their 118 members that operate over 300 locations in 33 states.

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

3d ago, source: Business Insider

WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street ...

VMCA Valuence Merger Corp. I

19d ago, source: Seeking Alpha

Valuence Merger Corp. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business ...

Arisz Acquisition Corp. finalizes merger with BitFuFu

18d ago, source: Investing

ARIZ), a special purpose acquisition company, announced the successful completion of its merger with BitFuFu (Finfront Holding Company), a prominent player in the digital asset mining industry.

TBMC Trailblazer Merger Corporation I

5d ago, source: Seeking Alpha

Net Income to Company (0.0) (0.0) 0.7 Net Income (0.0) (0.0) 0.7 NI to Common Incl Extra Items (0.0) (0.0) 0.7 NI to Common Excl. Extra Items (0.0) (0.0) 0.7 ...

Arisz Acquisition Corp. finalizes merger with BitFuFu

18d ago, source: Investing

NEW YORK - Arisz Acquisition Corp. (NASDAQ: ARIZ), a special purpose acquisition company, announced the successful completion of its merger with BitFuFu (Finfront Holding Company), a prominent player ...

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