Arrive AI enters USD 100,000 Streeterville financing under prepaid purchase note
ARAI•Repayment pressure and VWAP trigger
The floor reset aims to curb monthly mandatory repayments totaling USD 962,500 tied to a VWAP trigger hit on Aug. 6, 2026.
Streeterville financing and note terms
Arrive AI entered Pre-Paid Purchase No. 5 with Streeterville on Aug. 14, 2026 to address mandatory cash repayment obligations.
Streeterville paid USD 100,000 for an unsecured promissory note with USD 108,000 original principal, including a USD 8,000 discount.
The note bears 8% interest, compounded daily; Streeterville can apply balances to buy shares at a formula price, floored at USD 0.10.
Lower floor price on prior purchase notes
The deal reduced the floor price to USD 0.10 from USD 0.25, lowering the floor for outstanding Pre-Paid Purchase No. 2 and No. 3.
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