Arrive AI enters $10M convertible note with Streeterville Capital at 8% interest

Arrive AI Inc.

Principal $10.8M including $800K OID; proceeds $10M; interest 8% compounded daily.
Conversion price at lesser of listing reference price or 90% of 10-day VWAP, floor $0.25.
Monthly cash payments of $1.375M upon trigger events including VWAP below $0.25 for 5 days.
Side letter requires registration statement covering 10M shares by Feb 9, 2026.
Maxim Group receives 4% placement fee on gross proceeds.

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 common stock to Streeterville Capital, LLC for $10,000,000 to the Company.

Security: common stock
Purchaser: Streeterville Capital, LLC
Consideration: $10,000,000 to the Company

Exact text from the filing

Under the Pre-Paid Purchase No. 4, the Investor paid $10,000,000 to the Company, representing the purchase price for an unsecured promissory note with an original principal balance of $10,800,000, which included an $800,000 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 Side Letter Agreement with Streeterville Capital, LLC valued at Company agreed to file registration statement on Form S-1 registering at least 10,000,000 Purchase S (effective 2026-01-26).

Action: entry
Counterparty: Streeterville Capital, LLC
Value: Company agreed to file registration statement on Form S-1 registering at least 10,000,000 Purchase S
Effective: 2026-01-26

Exact text from the filing

On January 26, 2026, the Company entered into a Side Letter Agreement with Streeterville (the “Side Letter Agreement”) whereby the Company agreed to file a registration statement on Form S-1 that registers at least 10,000,000 Purchase Shares (as defined in the Streeterville Purchase Agreement) by February 9, 2026.

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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. 4 with Streeterville Capital, LLC valued at $10,800,000 principal balance (effective 2026-01-26).

Action: entry
Agreement: equity purchase
Counterparty: Streeterville Capital, LLC
Value: $10,800,000 principal balance
Effective: 2026-01-26

Exact text from the filing

Under the Pre-Paid Purchase No. 4, the Investor paid $10,000,000 to the Company, representing the purchase price for an unsecured promissory note with an original principal balance of $10,800,000, which included an $800,000 original issue discount.

View on SEC.gov

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Arrive AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-004525

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