Mar. 3 at 1:38 PM
$ARVLF has agreed to settle with investors over claims that it misled them about its production capabilities, microfactory model, and revenue projections ahead of its SPAC merger with CIIG.
Who’s eligible?
Anyone who purchased
$ARVLF shares between November 18, 2020 and November 19, 2021.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.12 — but normally only ~25% of eligible investors file, the effective payout could increase to around
$0.48 per share.
Can I still file?
If you bought
$ARVLF between November 18, 2020 and November 19, 2021, you can submit a late claim for consideration.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/arrival-investor-settlement