Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 148

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 148
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the “Transaction Expense Amount”).
Therefore, the net amount funded to the Company on May 14, 2025 was $4,000,000.00 (not including the Pre-Delivery Purchase Price). Along
with the Initial Pre-Paid Purchase, the Company issued 62,500 Commitment Shares to Streeterville. We have not issued any Purchase Shares
under the Initial Pre-Paid Purchase but may issue them upon the receipt of a written notice from Streeterville based on the pricing mechanism
described hereunder.

Under the Initial Pre-Paid Purchase and any subsequent
Pre-Paid Purchases, if Streeterville elects to receive Purchase Shares, the Purchase Share Purchase Price will be determined as follows:
(x) prior to the occurrence of a Market Price Trigger (defined below) or Event of Default (defined below), the initial listing reference
price on our common stock on the Nasdaq Global Market (the “Fixed Price”); (y) following the occurrence of a Market Price
Trigger (defined below) or Event of Default (defined below), the lower of (i) the Fixed Price, or (ii) 90% of the lowest daily volume
weighted 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. For the purposes of determining the Purchase Share Purchase Price, Market Price Trigger means the
occurrence of any of the following events: (a) Company receives a letter of non-compliance from the Listing Qualifications Department
of The Nasdaq Stock Market LLC or similar correspondence; (b) beginning twenty (20) calendar days from March 21, 2025, the average Market
Capitalization (as defined in the Initial Pre-Paid Purchase) during any three (3) Trading Day period is less than $250,000,000; or (c)
in any quarter beginning with the first calendar quarter of 2025, Company’s: (i) stockholder equity is less than $2,500,000 or
(ii) net loss is greater than $1,000,000. Event of Default means, among others, the Company fails to pay any principal, interest, fees and charges, the Company
becomes insolvent, or the Company effectuates a reverse split in its common stock without prior written notice to Streeterville.

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