# Arrive AI Inc. (ARAI) — delisting/forced [announced]
Source: SEC API (secapi.ai) · situation sit_972f6a52d7d0020c7fe5 · retrieved 2026-08-11T16:13:53.452Z

## Overview
Arrive executed an exclusive patent license agreement on May 26, 2020, with its CEO, Daniel O'Toole, which was amended in December 2024 and March 2025, whereby Mr. O'Toole granted Arrive rights to use, sell, manufacture and otherwise commercialize certain technologies relating to secured drone delivery ALM mailboxes in exchange for license fees.

On July 21, 2026, Arrive AI Inc. received a notification letter from The Nasdaq Stock Market LLC indicating the company failed to maintain the minimum Market Value of Publicly Held Shares (MVPHS) of $15,000,000 required under Nasdaq Listing Rule 5450(b)(2)(C) for 32 consecutive business days from June 3, 2026 to July 20, 2026. The company has 180 calendar days until January 19, 2027 to regain compliance by achieving a minimum MVPHS of at least $15,000,000 for a minimum of 10 consecutive business days. If the company fails to regain compliance by that deadline, Nasdaq will issue written notification that its securities are subject to delisting. Alternatively, the company may apply for a transfer to The Nasdaq Capital Market.

## Terms
- Counterparty: The Nasdaq Stock Market LLC · Deal value: $15.0M

## Key dates
- Announced 2026-07-24 · Expiry 2027-01-19

## Timeline
- 2026-07-24 · 8-K (0001493152-26-034582): 8-K - Arrive AI Inc. — *Arrive executed an exclusive patent license agreement on May 26, 2020, with its CEO, Daniel O'Toole, which was amended in December 2024 and March 2025, whereby Mr. O'Toole granted Arrive rights to use, sell, manufacture and otherwise commercialize certain technologies relating to secured drone delivery ALM mailboxes in exchange for license fees.* On July 21, 2026, Arrive AI Inc. received a notification letter from The Nasdaq Stock Market LLC indicating the company failed to maintain the minimum Market Value of Publicly Held Shares (MVPHS) of $15,000,000 required under Nasdaq Listing Rule 5450(b)(2)(C) for 32 consecutive business days from June 3, 2026 to July 20, 2026. The company has 180 calendar days until January 19, 2027 to regain compliance by achieving a minimum MVPHS of at least $15,000,000 for a minimum of 10 consecutive business days. If the company fails to regain compliance by that deadline, Nasdaq will issue written notification that its securities are subject to delisting. Alternatively, the company may apply for a transfer to The Nasdaq Capital Market.
  https://www.sec.gov/Archives/edgar/data/1818274/0001493152-26-034582.txt

## Citations
- 0001493152-26-034582 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034582