Great Elm Group, Inc. shares fall 6.02% after-hours despite TIER IV partnership for autonomous mobility in Saudi Arabia.

Great Elm Group, Inc. declined 6.02% in after-hours trading. The company announced a partnership with TIER IV to explore opportunities in autonomous mobility and implement autonomous driving solutions in Saudi Arabia. This collaboration aims to develop smart mobility services powered by advanced sovereign autonomous driving technologies, leveraging Elm's expertise in the Middle East and TIER IV's track record in Japan.