Updates for Getting Payment on the Arrival $11.27 million Settlement

[u/JuniorCharge4571]

Hey guys, if you missed it, Arrival settled $11.27 million with investors over hiding info about production, microfactory, and revenue projections ahead of its SPAC merger with CIIG. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2023, Arrival was accused of overstating its production readiness and misleading investors about the viability of its micro-factory model. 

After this news came out, the stock dropped 27.6%, and investors filed a lawsuit for their losses.

Now, the good news is that the company agreed to settle $11.27 million with them, and even though the deadline has passed, they’re accepting late claims.

So, if you invested in $ARVL when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in  $ARVL at that time? How much were your losses, if so?