Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 127

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 127
---
 average price during the ten consecutive trading days immediately preceding the relevant purchase notice date, subject to a floor price equal to $0.25 per share.

So long as certain conditions set forth in the Streeterville Purchase Agreement are satisfied, including minimum trading volume thresholds, and the receipt of shareholder approval to exceed the Exchange Cap (defined below) and subject to the availability of sufficient unissued registered shares under this or any future registration statement to enable the resale of the Purchase Shares, the Company may request one or more additional Pre-Paid Purchases during the period beginning on [●], 2025 and ending on the earlier of: (i) [●], 2028, and (ii) the date the Company has sold up the Commitment Amount in Pre-Paid Purchases. Each subsequent Pre-Paid Purchase will have (i) an original issue discount of eight percent (8%) of the requested amount, (iii) a floor price equal to 20% of the applicable Minimum Price, and (iv) a “fixed price” component capped at 120% of the Minimum Price on the closing day for such Pre-Paid Purchase. The Company retains the discretion to draw or to forego any Pre-Paid Purchases beyond the Initial Pre-Paid Purchase.

Notwithstanding anything to the contrary, unless and until the Company obtains requisite stockholder approval as required by Nasdaq Listing Rule 5635(d), the total cumulative number of shares of Common Stock that may be issued to Streeterville under all Pre-Paid Purchases cannot exceed the numerical threshold required by that rule (the “Exchange Cap”).

Since May 2021, we have issued warrants to the selling stockholders in the table below exercisable for an aggregate number of 114,421 shares of our common stock at various exercise price. We also issued an aggregate of 11,358 shares of our common stock to certain selling stockholders since April 18, 2025.

We have prepared the following table based on written representations and information furnished to us by or on behalf of the selling stockholders. Unless otherwise indicated in the footnotes to the table below, we believe that (i) none of the selling stockholders are broker-dealers or affiliates of broker-dealers, and (ii) no selling stockholder has direct or indirect agreements or understandings with any person to distribute their Resale Shares. To the extent any selling stockholder identified below is, or is affiliated with, a broker-dealer, it could be deemed, individually, but not severally, to