secwatch.observer — SEC 8-K summary
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Issuer:     Arrive AI Inc. (ARAI)
CIK:        0001818274
Form:       8-K
Filed at:   2026-01-30T23:59:59+00:00
Accession:  0001493152-26-004525
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226004525/0001493152-26-004525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226004525/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-004525

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer