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.
電動汽車製造商Arrival SA（場外交易代碼：ARVLF）已任命安永爲其兩家英國子公司的管理人，並正在考慮出售其業務和資產，原因是未能獲得必要的救援資金。
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.
發生了什麼：該公司表示，來自安永-帕臺農的轉型和重組戰略團隊的西蒙·埃德爾、艾倫·哈德森和山姆·伍德沃德將擔任其兩個子公司Arrival UK Ltd和Arrival Automotive UK Limited的聯合管理人。聯合管理人的任務是調查出售這兩個部門的業務和資產的可能性，包括其電動汽車平台、軟件、知識產權和研發資產。
The company's remaining subsidiaries will carry on their operations as normal.
該公司的其餘子公司將照常運營。
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.
上個月，《天空新聞》報道說，Arrival正在與安永進行討論，如果安永未能獲得必要的救援資金，將以管理員身份介入。
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.
爲何重要：Arrival在2023年上半年結束時擁有約4300萬美元的現金和現金等價物。該半年的虧損爲1.557億美元，而2022年相應半年的虧損爲1億美元。
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.
由於延遲提交6-k表格的中期財務報表，該公司的股票於1月30日從納斯達克退市。
Photo courtesy of Arrival.
照片由 Arrival 提供。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
點擊此鏈接，查看更多Benzinga的《未來出行》報道。