Arrive AI Inc. (ARAI) Form 8-K — Aug 19, 2026
Arrive AI disclosed that its stock's volume-weighted average price fell below the $0.25 floor price under its Streeterville Capital financing agreement in early August 2026, obligating the company to mandatory monthly cash repayments totaling $962,500 across Pre-Paid Purchase Nos. 2 and 3, plus accrued interest. To address the obligations, on August 14, 2026 the company entered into Pre-Paid Purchase No. 5, under which Streeterville paid $100,000 for a $108,000 unsecured note bearing 8% interest compounded daily, and the floor price applicable to the outstanding purchases was cut from $0.25 to $0.10 per share.
Key figures
- Debt Amount
- 108000
- Interest Rate
- 8% per annum, compounded daily
- Floor price new
- $0.10 per share
- Floor price prior
- $0.25 per share
- Prepayment premium
- 115%
- Workforce reduction
- approximately 20%
- Rsu shares forfeited
- 450000
- Default interest rate
- 15%
- Annualized cost savings
- 1524000
- New note purchase price
- 100000
- Original issue discount
- 8000
- Trigger monthly repayment
- $13,750 plus accrued interest
- Beneficial ownership limit
- 9.99%
- Share purchase price formula
- lesser of Fixed Price or 90% of lowest 10-trading-day VWAP, not below $0.10
- Mandatory monthly cash repayments
- $962,500 ($550,000 under Pre-Paid Purchase No. 2 plus $412,500 under Pre-Paid Purchase No. 3)
Price after filing
Close on the filing date to close N calendar days later (from $0.25). Historical, not a forecast.
AI analysis
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