secwatch.observer — SEC 8-K summary
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Issuer:     Arrive AI Inc. (ARAI)
CIK:        0001818274
Form:       8-K
Filed at:   2026-10-09T21:18:40+00:00
Accession:  0001493152-26-046599
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Arrive AI raises $250K PIPE at $0.65/share, 213% premium; corrects 'registered direct' description
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- PIPE: 384,615 shares at $0.65 plus a warrant for 384,615 shares at $0.70 expiring Oct 5, 2031; aggregate purchase price $250,000; closed Oct 5, 2026.
- Press release called it a registered direct offering under the shelf S-3; the 8-K clarifies the shares and warrant were unregistered, sold under Section 4(a)(2)/Rule 506(D).
- Company must file an S-3 resale registration statement within 20 days; investor also expressed interest in evaluating up to $10 million in additional financing, with no assurance.
- Warrant permits cashless exercise using a 3.33x share multiplier and a 4.99% beneficial-ownership blocker, raisable to 9.99% after 61 days' notice; $5,000 buyer legal reimbursement.
- Net proceeds for general working capital; press release cites the $0.65 price as a ~213% premium to the recent $0.2075 trading level.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226046599/0001493152-26-046599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818274/000149315226046599/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046599

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