Company is preparing for direct public listing on Nasdaq
INDIANAPOLIS, March 5, 2025 /PRNewswire/ — Arrive AI announced today that its investment opportunity with PicMii Crowdfunding is nearing its final stage and will close May 15, 2025, aligning with the company’s approaching Nasdaq listing.
“We’ve been pleased with a new influx of investors and the continued support from our nearly 5,000 investors,” said Arrive AI CEO Dan O’Toole. “As we get closer to being listed on the Nasdaq, we are narrowing our focus on finalizing that process and getting to market.”
Arrive AI will launch its Arrive Points™ and autonomous delivery platform for business customers in 2025. While originally known for its vision of a consumer-facing “mailbox of the future,” the company is prioritizing business clients first, with a strong focus on healthcare. Its technology is advancing pharmaceutical delivery and autonomous healthcare logistics, ensuring secure, temperature-controlled transport of critical medications and supplies.
“Repeated demonstrations have shown significant demand in healthcare and beyond,” O’Toole said. “We are hyper-focused on healthcare because the impact is profound—improving patient outcomes while streamlining supply chain operations. This is where we’re delivering the most value, making it the smartest move for our investors and future growth.”
In addition to the close of the PicMii raise, the Arrive AI Board of Directors approved a one-for-four reverse stock split in December 2024. Shares in the company are currently priced at $13 per share.
Founded in 2014, Arrive AI has received nearly $11 million in investments from private investors and crowdsourcing over its 10 years in operation. The company is in the final stages of a direct listing on the Nasdaq.
About Arrive AI: Arrive AI makes the exchange of goods between people, robots, and drones frictionless, efficient, and convenient through artificial intelligence, autonomous technology and interoperability with smart devices including doorbells, lighting and security systems. Its patented last mile platform enables drone-based and human mail delivery to and from a physical smart mailbox, while providing tracking data, smart logistics alerts, and advanced chain of custody controls to secure the last-mile delivery for all shippers, delivery services and autonomous delivery networks. Learn about the company’s patents here. See videos of the smart mailbox in action here.
Media contact: Cheryl Reed, 317-446-5240 or 391104@email4pr.com
SOURCE Arrive AI
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