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Arrive AI Filed Terms, Nasdaq: ARAI

Developing autonomous last-mile delivery services.

Industry: Industrials

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Industry: Industrials

Management believes that Arrive is pioneering the emerging market for the automated exchange of packages and goods between people, robots, and drones with its autonomous last mile (“ALM”) mailbox. However, Arrive is a development stage company with no revenues to date. While the Company has several pilots in place, as described elsewhere in this prospectus, these pilots are not revenue-generating activities and there is no guarantee that customers currently in pilot programs will choose to subscribe to our services after the pilot programs conclude. The Company continues to develop its product and the technology inherent to its planned services, but there is no assurance that we will meet our business and partnership goals. Management also believes that the future of automated last-mile delivery, consumer services, and business operations will require smart, secure, easy, and fault-tolerant exchanges of packages, goods, supplies, food, and medicine between people, robots, and drones. We anticipate that our ALM mailbox, a.k.a. ALM Access Point or Arrive Point™, will serve as the foundation of a platform approach to support the ALM ecosystem by providing a frictionless exchange point between people, robots, and drones, enabling new automated ALM services for ALM operators, businesses, and consumers.
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IPO Data
IPO File Date 12/26/2024
Offer Price
Price Range $13.00 - $13.00
Offer Shares (mm) 29.1
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $13.00 - $13.00
Offer Shares (mm) 29.1
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Fishers, IN, United States
Founded 2020
Employees at IPO 7
Website www.arriveai.com

Arrive AI (ARAI) Performance