{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-026672","form_type":"8-K","ticker":"ARAI","cik":"0001818274","company_name":"Arrive AI Inc.","filed_at":"2025-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.579376+00:00","generated_at":"2026-05-16T14:03:33.518336+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Arrive AI closes $3.0M pre-paid convertible note with Streeterville Capital","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-026672","json":"https://secwatch.observer/filing/0001493152-25-026672.json","markdown":"https://secwatch.observer/filing/0001493152-25-026672.md","text":"https://secwatch.observer/filing/0001493152-25-026672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818274/000149315225026672/0001493152-25-026672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818274/000149315225026672/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:03:33.518336+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5709841f2bf74aee4428550100d9690fb4f476a7","claim":"Arrive AI Inc. issued convertible note to Streeterville for $3,000,000 in proceeds.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818274/000149315225026672/0001493152-25-026672-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Streeterville"},{"label":"Consideration","value":"$3,000,000 in proceeds"}],"fact_type":"equity_issuance"},{"claim_id":"930041bdf6757ee45a5937fd913d30bc47e09604","claim":"Arrive AI Inc. entered into Pre-Paid Purchase No. 3 with Streeterville valued at $3,000,000 (effective 2025-12-03).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818274/000149315225026672/0001493152-25-026672-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Streeterville"},{"label":"Value","value":"$3,000,000"},{"label":"Effective","value":"2025-12-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}