Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
January 02 2024 - 8:29AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 6-K
____________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Dated January 2, 2024
Commission File Number: 001-40286
____________________
Arrival
(Translation of registrant’s name into English)
60A, rue des Bruyères
L-1274 Howald,
Grand Duchy of Luxembourg
+352 26845062
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN EACH OF THE REGISTRATION STATEMENTS ON FORM F-3 (FILE NO. 333-254885, FILE NO. 333-266472 AND FILE NO. 333-270019) AND THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-259673) OF ARRIVAL AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
GENERAL
As previously reported by Arrival (the “Company”) on December 4, 2023, the Company did not make the semiannual interest payment due on December 1, 2023 (the “December Interest Payment”) under its 3.50% Convertible Senior Notes due 2026 (the “Notes”). As provided for in the indenture governing the Notes (the “Indenture”), the Company is entitled to a 30-day grace period (the “Cure Period”) to make the December Interest Payment before such failure became an event of default under the Indenture.
The Company did not make the December Interest Payment during the Cure Period. Accordingly, there is an event of default under the Indenture, pursuant to which the trustee under the Indenture or holders of the requisite amount of Notes specified in the Indenture may accelerate all amounts due thereunder.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
ARRIVAL
By: /s/ John Wozniak
Name: John Wozniak
Title: Chief Financial Officer
Dated: January 2, 2024
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