Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 143

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 143
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 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.

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 May 14, 2025 and ending on the earlier of: (i) May 14, 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