Beleaguered Electric Van Company Arrival Appoints EY As Administrator, Explores Sales Options
Beleaguered Electric Van Company Arrival Appoints EY As Administrator, Explores Sales Options
EV maker Arrival SA (OTC:ARVLF) has appointed EY as administrator for its two UK subsidiaries and is mulling over selling its business and assets, after failing to acquire necessary rescue funds.
电动汽车制造商Arrival SA（场外交易代码：ARVLF）已任命安永为其两家英国子公司的管理人，并正在考虑出售其业务和资产，原因是未能获得必要的救援资金。
What Happened: The company said that Simon Edel, Alan Hudson, and Sam Woodward, from EY-Parthenon's Turnaround and Restructuring Strategy team, would be joint administrators for its two units Arrival UK Ltd and Arrival Automotive UK Limited. The joint administrators are tasked with investigating the possibilities of selling the business and assets of the two units including their electric vehicle platform, software, intellectual property, and R&D assets.
发生了什么：该公司表示，来自安永-帕台农的转型和重组战略团队的西蒙·埃德尔、艾伦·哈德森和山姆·伍德沃德将担任其两个子公司Arrival UK Ltd和Arrival Automotive UK Limited的联合管理人。联合管理人的任务是调查出售这两个部门的业务和资产的可能性，包括其电动汽车平台、软件、知识产权和研发资产。
The company's remaining subsidiaries will carry on their operations as normal.
该公司的其余子公司将照常运营。
Last month, Sky News reported that Arrival is in discussions with EY to step in as administrator should the company fail to acquire necessary rescue funds.
上个月，《天空新闻》报道说，Arrival正在与安永进行讨论，如果安永未能获得必要的救援资金，将以管理员身份介入。
Why It Matters: Arrival ended the first half of 2023 with approximately $43 million of cash and cash equivalents. Loss for the half year was $155.7 million, compared to a loss of $100 million in the corresponding half of 2022.
为何重要：Arrival在2023年上半年结束时拥有约4300万美元的现金和现金等价物。该半年的亏损为1.557亿美元，而2022年相应半年的亏损为1亿美元。
The company's stock was delisted from the Nasdaq on Jan. 30 owing to a delay in filing its interim financial statements on form 6-k.
由于延迟提交6-k表格的中期财务报表，该公司的股票于1月30日从纳斯达克退市。
Photo courtesy of Arrival.
照片由 Arrival 提供。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
点击此链接，查看更多Benzinga的《未来出行》报道。