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Arrival, UK raises USD 50 million of new equity capital to support product development

On February 21, Arrival announced it will raise USD 50 million of new equity capital through the sale of new common stock to Antara Capital Master Fund LP (‘Antara’) and will exchange USD 121.9 million principal amount of 3.50% convertible notes due 2026 held by Antara for additional equity, thereby significantly red....

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