secwatch.observer — SEC 8-K summary
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Issuer:     Arrive AI Inc. (ARAI)
CIK:        0001818274
Form:       8-K
Filed at:   2026-08-12T21:15:20+00:00
Accession:  0001493152-26-037434
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 2.04, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226037434/0001493152-26-037434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226037434/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-037434

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