Arrival announces redemption of warrants

London and charlotte, n.c., june 18, 2021 (globe newswire) -- arrival (the “company”; ordinary shares - nasdaq: arvl; cusip no. l0423q 108; warrants - nasdaq: arvlw; cusip no. l0423q 116) announced today that the company has elected to redeem, at 5:00 p.m. new york city time on july 19, 2021 (the “redemption date”), all of the company's outstanding warrants (“public warrants”) that were issued under the warrant agreement dated as of december 12, 2019 by and between ciig merger corp. (“ciig”) and continental stock transfer & trust company, as warrant agent, as a part of the units sold in ciig's initial public offering (“ipo”), which public warrants were assumed by the company in connection with the business combination between ciig, the company and arsnl merger sub inc.
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