Arrive AI stock price trigger forces $962.5K monthly repayments; Piyush Phadke named CFO

Arrive AI Inc.

On Aug 6, 2026, VWAP fell below $0.25 for 5 days, triggering Floor Price Trigger under Pre-Paid Purchase agreements with Streeterville.
Mandatory monthly payments of $962,500 plus interest begin 3rd trading day after Aug 6: $550K under PP #2 and $412.5K under PP #3.
Payments cease if VWAP exceeds $0.30 for 5 consecutive trading days; Company in discussions with Streeterville for remediation.
Piyush Phadke appointed CFO effective Aug 17, 2026; $300K base salary, 1.1M RSUs (1M 4-yr vest with 1-yr cliff, 100K immediate).
Phadke previously CFO of reAlpha Tech (AIRE) until Aug 2026; no family/related-party transactions disclosed.

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