Highest-materiality recent filing
Arrive AI cuts workforce 20%, secures $100K note, lowers floor price to $0.10
VWAP fell below $0.25 floor, triggering $962,500 mandatory monthly repayments under prior prepaid purchases.
Arrive AI stock price trigger forces $962.5K monthly repayments; Piyush Phadke named CFO
On Aug 6, 2026, VWAP fell below $0.25 for 5 days, triggering Floor Price Trigger under Pre-Paid Purchase agreements with Streeterville.
Arrive AI CFO Todd Pepmeier resigns effective Aug 10; director Laurie Tucker resigns
CFO Todd Pepmeier notified company of resignation on July 27, effective August 10, 2026.
Arrive AI receives Nasdaq delisting notice for failing MVPHS requirement
Received Nasdaq notice on July 21, 2026 for failing minimum Market Value of Publicly Held Shares ($15M) for 32 consecutive business days.
Arrive AI enters into $14.97M ATM equity offering with Maxim Group
Up to $14,967,247 of common stock may be sold through Maxim as sales agent.
Deficiency letter received June 2, 2026 for failing to maintain minimum bid price of $1.00 over 30 consecutive business days.
Investor will not deliver Purchase Notices on outstanding Pre-Paid Purchases until Dec 31, 2026, unless stock price is ≥15% above Nasdaq Minimum Price.
Arrive AI restates Q2/Q3 2025 on convertible note derivative error; appoints T-Mobile exec to board
Accounting error: conversion feature on Streeterville convertible notes misclassified; requires embedded derivative treatment per ASC 815-40.
Arrive AI receives Nasdaq deficiency notices for MVPHS and MVLS below required thresholds
MVPHS fell below $15M for 30 consecutive days through Mar 31, 2026; 180-day cure period until Sep 28, 2026.
Arrive AI enters $10M convertible note with Streeterville Capital at 8% interest
Principal $10.8M including $800K OID; proceeds $10M; interest 8% compounded daily.
Arrive AI closes $3.0M pre-paid convertible note with Streeterville Capital
Streeterville paid $3.0M for a $3.24M promissory note (8% interest, $240K OID), convertible into common shares at a discount.
Effective June 1, 2025, the board of directors (the “Board”) of Arrive AI, Inc. (the “Company”) appointed Laurie A. Tucker as independent director and member of the Board as well as member of the compensation committee of the Company’s Board.
Max materiality 0.75 · Median 0.65 · Most common event debt