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Wednesday, March 24, 2021

Equity Corporate Actions Alert #2021 - 44
Information Regarding the Business Combination of CIIG Merger Corp. (CIIC/W/U) and Arrival (ARVL/W)

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  • Industry Announcement

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The business combination of CIIG Merger Corp. (CIIC/W/U) and Arrival closed today, March 24, 2021. Following the completion of the business combination, the Class A Common Stock, Warrants, and Units will be suspended from trading. The suspension details are as follows:

Company: CIIG Merger Corp. Class A Common Stock
CUSIP#: 12559C103
Symbol: CIIC
Last Trading Date: March 24, 2021
Effective Date for Suspension: March 25, 2021
Merger Consideration: One (1) Arrival Ordinary Share (ARVL) for each share held.
Company: CIIG Merger Corp. Warrant
CUSIP#: 12559C111
Symbol: CIICW
Last Trading Date: March 24, 2021
Marketplace Effective Date for Suspension: March 25, 2021
Merger Consideration: One (1) Arrival Warrant (ARVLW) for each warrant held.
Company: CIIG Merger Corp. Unit
CUSIP#: 12559C202
Symbol: CIICU
Last Trading Date: March 24, 2021
Marketplace Effective Date for Suspension: March 25, 2021
Merger Consideration: Each unit will separate into its components.

As a result of the business combination, the combined company will be listed on the Nasdaq Global Select Market. The details are as follows:

Company: Arrival Ordinary Shares
CUSIP#: L0423Q108
Symbol: ARVL
Trading Begins: March 25, 2021
Company: Arrival Warrants expiring 03/22/2026
CUSIP#: L0423Q116
Symbol: ARVLW
Trading Begins: March 25, 2021

If you would like to register as a market maker in ARVL or ARVLW, contact Nasdaq Trading Services at +1 212 231 5100.


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