BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Arrival (“Arrival” or the “Company”) (NASDAQ: ARVL) investors concerning the Company’s possible violations of federal securities laws.
On July 3, 2023, Arrival announced that it had agreed to terminate its business combination agreement with Capital Acquisition Corp. V, which the companies initially signed in April. Arrival also stated that it “intends to redirect its focus towards advancing other opportunities” and has “engaged the services of TD Cowen and Teneo Financial Advisory to ensure the company's seamless transition.”
On this news, Arrival’s stock price fell $0.39, or 14.1%, to close at $2.38 per share on July 5, 2023, thereby injuring investors.
If you purchased Arrival securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.