# Arrive AI Inc. (ARAI) — restructuring/exchange_offer [announced]
Source: sec.gov · situation sit_fd0f30b3d55a1712dba7 · public 5363185545419133990 · retrieved 2026-08-21T14:21:29.544Z

## Overview
Arrive AI Inc. is a Delaware corporation providing services to dwellings and other buildings, trading on Nasdaq under the ticker ARAI.

On August 14, 2026, Arrive AI Inc. entered into Pre-Paid Purchase No. 5 with Streeterville Capital, LLC, issuing an unsecured promissory note with an original principal balance of $108,000 (including an $8,000 original issue discount) for a purchase price of $100,000. The note bears interest at 8% per annum, compounded daily, and permits Streeterville to convert amounts outstanding into common shares at the lesser of the Fixed Price or 90% of the lowest volume-weighted average price over the ten trading days prior to purchase notice, but not below $0.10 per share. The $0.10 floor price reduced the floor price applicable to the Company's outstanding Pre-Paid Purchases No. 2 and No. 3 from $0.25 to $0.10 per share. Additionally, on August 14, 2026, the Company entered into a Waiver Agreement with Streeterville, waiving the Price Condition solely with respect to Pre-Paid Purchase No. 5, permitting Streeterville to submit purchase notices without regard to the Nasdaq Minimum Price requirement during the Standstill Period.

## Terms
- Counterparty: Streeterville Capital, LLC · Deal value: $100,000 · Consideration: cash · Stake: 9.99% · Price/share: $0.1

## Key dates
- Announced 2026-08-19

## Timeline
- 2026-08-19 · 8-K (0001493152-26-039134): 8-K - Arrive AI Inc. — *Arrive AI Inc. is a Delaware corporation providing services to dwellings and other buildings, trading on Nasdaq under the ticker ARAI.* On August 14, 2026, Arrive AI Inc. entered into Pre-Paid Purchase No. 5 with Streeterville Capital, LLC, issuing an unsecured promissory note with an original principal balance of $108,000 (including an $8,000 original issue discount) for a purchase price of $100,000. The note bears interest at 8% per annum, compounded daily, and permits Streeterville to convert amounts outstanding into common shares at the lesser of the Fixed Price or 90% of the lowest volume-weighted average price over the ten trading days prior to purchase notice, but not below $0.10 per share. The $0.10 floor price reduced the floor price applicable to the Company's outstanding Pre-Paid Purchases No. 2 and No. 3 from $0.25 to $0.10 per share. Additionally, on August 14, 2026, the Company entered into a Waiver Agreement with Streeterville, waiving the Price Condition solely with respect to Pre-Paid Purchase No. 5, permitting Streeterville to submit purchase notices without regard to the Nasdaq Minimum Price requirement during the Standstill Period.
  https://www.sec.gov/Archives/edgar/data/1818274/0001493152-26-039134.txt

## Citations
- 0001493152-26-039134 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226039134