Arrive AI closes $3.0M pre-paid convertible note with Streeterville Capital

Arrive AI Inc.

Streeterville paid $3.0M for a $3.24M promissory note (8% interest, $240K OID), convertible into common shares at a discount.
Conversion price is lesser of initial Nasdaq reference price or 90% of lowest VWAP over 10 trading days, subject to $0.25 floor.
Company may prepay at 115% of principal with 5 days' notice; monthly $412.5K cash payments triggered on price or share issuance events.
Maxim Group acted as placement agent, receiving 6% cash fee on gross proceeds and future pre-paid purchases.
Shares issuable are unregistered, sold under Section 4(a)(2) and Regulation D.

item 1.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Arrive AI Inc. issued convertible note to Streeterville for $3,000,000 in proceeds.

Security: convertible note
Purchaser: Streeterville
Consideration: $3,000,000 in proceeds

Exact text from the filing

Under the Pre-Paid Purchase No. 3, the Investor paid $3,000,000 to the Company, representing the purchase price for an unsecured promissory note with an original principal balance of $3,240,000, which included a $240,000 original issue discount.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Arrive AI Inc. entered into Pre-Paid Purchase No. 3 with Streeterville valued at $3,000,000 (effective 2025-12-03).

Action: entry
Agreement: notes offering
Counterparty: Streeterville
Value: $3,000,000
Effective: 2025-12-03

Exact text from the filing

On December 3, 2025, Arrive AI Inc. (the “Company”) entered into a Pre-Paid Purchase No. 3 with Streeterville (the “Pre-Paid Purchase No. 3”) pursuant to the Streeterville Purchase Agreement dated March 21, 2025. Under the Pre-Paid Purchase No. 3, the Investor paid $3,000,000 to the Company, representing the purchase price for an unsecured promissory note with an original principal balance of $3,240,000, which included a $240,000 original issue discount.

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25 equity issuances filed in the last 30 days. Browse all equity issuances →

Arrive AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-026672

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