secwatch.observer — SEC 8-K summary
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Issuer:     Arrive AI Inc. (ARAI)
CIK:        0001818274
Form:       8-K
Filed at:   2026-08-19T12:30:21+00:00
Accession:  0001493152-26-039134
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226039134/0001493152-26-039134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226039134/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039134

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