Arrival (NASDAQ: ARVL)

This investigation is for anyone who acquired securities in Arrival (NASDAQ: ARVL) prior to July 3, 2023.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by knowing but failing to timely inform investors that the Company’s business combination with Capital Acquisition Corp. V was failing.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Arrival (NASDAQ: ARVL) prior to July 3, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.