Arrive AI (NASDAQ:ARAI) moved lower in after-hours trading on Tuesday following a company update announcing a new board appointment.
ARAI closed the regular session up 85.60% at $1.65 and declined 26.67% in after-hours trading to $1.21.
Company Update
The company announced on Tuesday that Michael Fitz, Vice President of Solutions and Indirect Channels at T-Mobile for Business, has been appointed to its Board of Directors.
Fitz brings more than 30 years of experience in telecommunications, enterprise technology and network solutions as the company looks to scale its autonomous delivery platform and expand adoption.
Management Commentary
CEO Dan O’Toole said the appointment adds strategic expertise aligned with Arrive AI’s long-term vision, particularly in areas such as 5G, IoT and …
This post was originally published here
