secwatch.observer — SEC 8-K summary
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Issuer:     Arrive AI Inc. (ARAI)
CIK:        0001818274
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001493152-26-016556
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226016556/0001493152-26-016556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226016556/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016556

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