Arrive AI Secures Direct Listing on Nasdaq Stock Exchange
Arrive AI Secures Direct Listing on Nasdaq Stock Exchange |
| [14-May-2025] |
Automated delivery company to begin trading as ARAI on Thursday, May 15, 2025 INDIANAPOLIS, May 14, 2025 /PRNewswire/ -- Arrive AI, an autonomous delivery network anchored by patented AI-powered Arrive Points™, announced today that it has received approval to list its shares on the Nasdaq under the symbol (NASDAQ: ARAI). The company expects its shares to commence trading tomorrow. "Arrive AI's Nasdaq listing marks the culmination of a significant journey," said Arrive AI Founder and CEO Dan O'Toole. "Building upon our initial patent filing in 2014, we've relentlessly refined our technology and unique positioning in last-mile logistics. Today signifies a new dawn of secure, autonomous package delivery. We owe this milestone to our nearly 5,000 investors who believed in us since the start." Arrive AI makes autonomous delivery work, ensuring security and chain-of-custody to the intended recipients at the right time. The company provides tracking data, smart logistics alerts and advanced custody controls to secure last-mile delivery for shippers, delivery services and autonomous networks. Arrive AI's foundational patent – for a universal access point that asynchronously interacts with people, robots and drones – was filed four days before Amazon's. Since then, the company has expanded its IP portfolio to include numerous claims and patents such as climate assistance and anti-theft features. "With Arrive AI, you get a network and a platform. Our value proposition lies in building the essential and patent-protected infrastructure – a universal network of intelligent endpoints – that underpins our entire autonomous delivery ecosystem," O'Toole said. "We leverage data technology and artificial intelligence to simplify last mile service, avoid failed deliveries, streamline processes to increase efficiencies and improve partner and end user outcomes. Our long-term objective is to achieve critical data mass to create a platform for additional innovative services." Prior to its direct public listing, Arrive AI raised nearly $12 million, largely via crowdfunding and secured $40 million in funding from an institutional investor. Arrive AI Chief Financial Officer Todd Pepmeier said the direct listing "will enable the company to raise capital through public means and fuel our growing revenue streams." Maxim Group LLC acted as the exclusive financial advisor to Arrive AI in connection with the direct listing. The Company also launched a new Investor Relations section on its website: http://arriveai.com/investor-relations. This dedicated section will serve as a central resource for shareholders, featuring information such as stock information, press releases, shareholder meetings, FAQs and more. About Arrive AI Arrive AI's patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered mailbox, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at www.arriveai.com. Cautionary Note Regarding Forward Looking Statements This news release and statements of Arrive AI's management in connection with this news release or related events contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "potential," "will," "should," "could," "would," "optimistic" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI's Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at www.sec.gov. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
SOURCE Arrive AI |
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