Arrive AI cuts workforce 20%, secures $100K note, lowers floor price to $0.10

Arrive AI Inc.

• VWAP fell below $0.25 floor, triggering $962,500 mandatory monthly repayments under prior prepaid purchases.
• Entered Pre-Paid Purchase No. 5: Streeterville pays $100,000 for $108,000 note (8% interest, $8,000 OID).
• Floor price reduced from $0.25 to $0.10 per share for Pre-Paid Purchases No. 2, 3, and 5.
• Workforce reduced ~20%, expected annualized savings ~$1,524,000; ~450,000 RSUs forfeited.
• Waiver allows Streeterville to submit purchase notices under Pre-Paid Purchase No. 5 without Price Condition.