Arrive AI restates Q2/Q3 2025 on convertible note derivative error; appoints T-Mobile exec to board

Arrive AI Inc.

Accounting error: conversion feature on Streeterville convertible notes misclassified; requires embedded derivative treatment per ASC 815-40.
Non-relied-upon financial statements: Quarterly Reports for June 30 and September 30, 2025; restatements to be filed.
Non-cash impact on net income, balance sheet, and disclosures; third-party valuation firm engaged; error remediated in 2025 10-K.
Michael Fitz, T-Mobile VP of Solution Sales & Indirect Channels, appointed to Board effective April 16, 2026; $40k cash retainer + $150k annual RSUs.

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