Arrive AI Inc. has completed its corporate redomestication from Delaware to Nevada, effective October 27, 2026. This change in corporate domicile means the company is now governed by Nevada law. In connection with the redomestication, the company has increased its authorized common stock and received stockholder approval for a potential reverse stock split.
Key Details
- Effective Date: The redomestication was effective on October 27, 2026.
- Authorized Shares: The number of authorized shares of common stock was increased from 200,000,000 to 500,000,000.
- Reverse Stock Split Authorization: The Board of Directors now has the discretion to effect a reverse stock split over the next year at a ratio ranging from 1:10 to 1:65. No split has been effected as of the filing date.
- Operational Impact: The company's name, business, management, and Nasdaq trading symbol (ARAI) remain unchanged.