Lucosky Brookman Represents Arrive AI in Successful Nasdaq Direct Listing
Arrive AI (NASDAQ: ARAI), an autonomous delivery network company specializing in patented AI-powered logistics solutions, has successfully completed its direct listing on the Nasdaq stock exchange, marking a significant milestone in advancing secure, autonomous package delivery infrastructure.
The successfully completed public listing follows the company's strong funding history, having raised nearly $12 million through crowdfunding and secured $40 million from institutional investors. The offering attracted nearly 5,000 early investors who supported the venture since its patent filing in 2014.
Lucosky Brookman LLP served as legal counsel to Arrive AI in this strategic direct listing, which bolsters the Company's ability to execute its autonomous delivery expansion strategy. Maxim Group LLC acted as the exclusive financial advisor for the offering.
This public listing supports Arrive AI's strategic vision to establish critical data mass for its Autonomous Last Mile (ALM) platform, with the Company positioned to capitalize on the growing demand for secure, AI-powered delivery solutions through its patented Arrive Points™ technology that enables delivery via drones, ground robots, and human couriers.