Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 147

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 147
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each,
a “Pre-Paid Purchase”), up to an aggregate purchase amount of $40,000,000.00 (the “Commitment Amount”) for shares
of our common stock, par value $0.0002 per share, on the terms and subject to the limitations and conditions set forth in each Pre-Paid
Purchase, (ii) issued and sold the initial Pre-Paid Purchase in the principal amount of $4,330,000.00 (the “Initial Pre-Paid Purchase”)
on May 14, 2025, (iii) delivered 62,500 shares of our common stock (the “Commitment Shares”) to Streeterville on May 14,
2025, (iv) delivered 2,937,500 shares of our common stock (the “Pre-Delivery Shares”) against Streeterville’s payment
of $587.50 on May 14, 2025. The Pre-Delivery Shares were priced at the par value of $0.0002 per share, and the Company has the right
to repurchase the same number of shares of common stock from Streeterville at the par value of $0.0002 per share when certain conditions
are met. Pursuant to the Streeterville Purchase Agreement, we agreed to file a registration statement within 10 days from the date of
the Streeterville Purchase Agreement that covers the Commitment Shares, the Pre-Delivery Shares and 5,000,000 Purchase Shares (defined
below) issuable to Streeterville pursuant to the Initial Pre-Paid Purchase or any subsequent Pre-Paid Purchases.

Under the Purchase Agreement, each Pre-Paid Purchase
consists of a principal balance upon which Streeterville, at its option, may require the Company to issue shares of our common stock
(“Purchase Shares”), from time to time, in satisfaction of all or part of the outstanding balance of such Pre-Paid Purchase.
The Company will deliver these Purchase Shares at a per-share purchase price set forth in the Pre-Paid Purchase (the “Purchase
Share Purchase Price”), subject to a defined floor price and other conditions. Each Pre-Paid Purchase is a separate instrument
with its own outstanding balance and holding period.

The Initial Pre-Paid Purchase in the principal
amount of $4,330,000.00 carries an original issue discount of $320,000.00 (“OID”) and an additional transaction expense amount
of $10,000.00 to cover Streeterville’s legal, administrative, and due diligence costs (