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Arrival, whose shares fell more than 2% in extended trading, had said in April it would merge with blank-check firm Kensington Capital Acquisition Corp V to raise cash.
EV firms have been experiencing a cash problem over the past few months, as high costs related to production ramp-ups and soaring inflation eat into their reserves.
Arrival said in May that it expects to report one or more material weakness in internal control over financial reporting.
