BRIEF-Arrive AI Files For Resale Of Up To 29.1 Million Shares Of Common Stock By Selling Stockholders In Connection With Direct Listing
ReutersDec 26, 2024 4:55 PM
Dec 26 (Reuters) - Arrive AI Inc:
ARRIVE AI FILES FOR RESALE OF UP TO 29.1 MILLION SHARES OF COMMON STOCK BY SELLING STOCKHOLDERS IN CONNECTION WITH DIRECT LISTING - SEC FILING
ARRIVE AI INC - HAVE APPLIED TO LIST COMMON STOCK ON THE NASDAQ GLOBAL MARKET UNDER SYMBOL “ARAI.”
ARRIVE AI INC - UPON COMPLETION OF OFFERING, FOUNDER, CEO, DANIEL S. O’TOOLE WILL BENEFICIALLY OWN ABOUT 86% OF VOTING POWER OF VOTING SECURITIES
ARRIVE AI INC - UNLIKE IPO, RESALE BY REGISTERED STOCKHOLDERS IS NOT BEING UNDERWRITTEN BY ANY INVESTMENT BANK
Source text: [ID:n0001493152-24-051854]
((Reuters.Briefs@thomsonreuters.com;))
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