Company: ARAI
Filing Date: 2025-12-08
Form Type: 8-K
Source: 0001493152-25-026672
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Company: Arrive AI Inc.
Filing Date: 2025-12-08
Form: 8-K
Item: Item 1.01
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Item
1.01. Entry into a Material Definitive Agreement

On
December 3, 2025, Arrive AI Inc. (the “ Company”) entered into a Pre-Paid Purchase No. 3 with Streeterville (the “ Pre-Paid
Purchase No. 3”) pursuant to the Streeterville Purchase Agreement dated March 21, 2025. Under the Pre-Paid Purchase No. 3, the
Investor paid $3,000,000 to the Company, representing the purchase price for an unsecured promissory note with an original principal
balance of $3,240,000, which included a $240,000 original issue discount. The instrument bears interest at 8% per annum, compounded daily,
and permits the Investor, at its discretion, to apply amounts outstanding toward the purchase of shares of common shares of the Company
(“ Purchase Shares”) at the lesser of (i) the initial listing reference price on the Company’s common stock on the Nasdaq
Global Market, or (ii) 90% of the lowest VWAP over the ten trading days prior to a purchase notice (but not below a $0.25 floor). The
issuance of Purchase Shares is subject to a 9.99% beneficial ownership limitation and must be free-trading under an effective registration
statement or exemption. The Company may prepay amounts at 115% of the principal being repaid with five trading days’ notice, subject
to restrictions, and is obligated to make monthly $412,500 cash repayments (plus accrued interest) upon certain “trigger”
events, including sustained price declines below the floor price of $0.25 per share or the share issuance nearing the threshold above
which shareholders’ approval is required under the exchange rules. Streeterville may accelerate the Company’s obligation
to pay, with default interest at 15% and all outstanding balance becoming immediately due and payable in cash, upon the occurrence of
certain events of default include nonpayment, insolvency, covenant breaches, and certain corporate transactions. The Company closed this
Pre-Paid Purchase No. 3 on December 3, 2025, and received $3,000,000 in proceeds. The foregoing description of the Pre-Paid Purchase
No. 3 is not complete and is qualified in its entirety by reference to the text of such document, which is filed as an exhibit to this
quarterly report on Form 8-K.

Maxim
Group LLC (“