Bruush And Arrive Merge To Advance Last-Mile Delivery With AI, New Entity To List On Nasdaq
Bruush And Arrive Merge To Advance Last-Mile Delivery With AI, New Entity To List On Nasdaq
Bruush Oral Care Inc. (NASDAQ:BRSH) and Arrive Technology have agreed to merge. Arrive is a technology company focused on facilitating the last inch of the last mile for autonomous delivery.
Bruush Oral Care Inc.（納斯達克股票代碼：BRSH）和Arrive Technology已同意合Arrive 是一家科技公司，致力於爲自動交付的最後一英里提供便利。
The new entity will be named Arrive Technology Inc., which aims to revolutionize the delivery landscape with its Mailbox-as-a-Service (MaaS) platform, integrating artificial intelligence (AI) to streamline the exchange of goods between humans, robots, and drones.
新實體將被命名爲Arrive Technology Inc.，該公司旨在通過其郵箱即服務（MaaS）平台徹底改變配送格局，整合人工智能（AI），以簡化人類、機器人和無人機之間的商品交換。
The shares of this combined entity are set to be listed on the Nasdaq Capital Market under the ticker symbol 'ARRV.'
合併後的這家實體的股票將在納斯達克資本市場上市，股票代碼爲 “ARRV”。
The merger will be executed as a reverse triangular merger through an all-stock transaction.
合併將通過全股交易作爲反向三角合併執行。
Brüush (PubCo) through its wholly owned subsidiary (Merger Sub) will merge with and into Arrive (Target Company) with Target Company continuing under the name of Arrive Technology Inc. and as a wholly owned subsidiary of PubCo.
Bruush（PubCo）將通過其全資子公司（Merger Sub）與Arrive（目標公司）合併併合併爲Arrive Technology Inc.，目標公司將繼續以Arrive Technology Inc.的名義作爲PubCo的全資子公司。
Before the merger, Brüush plans to execute a reverse stock split at a ratio of 6-for-1 to 200-for-1 and maintain a minimum net cash reserve of $10 million.
合併前，布魯什計劃以6比1比1的比例進行反向股票分割，並將最低淨現金儲備維持在1000萬美元。
The merged company will concentrate on enhancing Arrive's operations, particularly in developing and implementing its Mailbox-as-a-Service platform.
合併後的公司將專注於加強Arrive的運營，特別是在開發和實施其Mailbox即服務平台方面。
Arrive's Chief Executive Officer Dan O'Toole commented, "This agreement and plan of merger will accelerate the development and deployment of our third-generation smart mailbox and continue to support the autonomous delivery revolution."
Arrive首席執行官丹·奧圖爾評論說：“這項協議和合並計劃將加速我們第三代智能郵箱的開發和部署，並繼續支持自動交付革命。”
Price Action: BRSH shares are trading higher by 36.06% at $0.2313 on the last check Friday.
價格走勢：週五最後一張支票，BRSH股價上漲36.06％，至0.2313美元。
Disclaimer: This content was partially produced with the help of AI tools and was Reviewed And Published By Benzinga Editors.
免責聲明: 此內容部分是在人工智能工具的幫助下製作的，並由 Benzinga 編輯審閱和發佈。
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譯文內容由第三人軟體翻譯。