Arrive AI Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $12.4M
- Price
- $0.24
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 272.8K
About
Arrive AI Inc. operates a subscription-based "Mailbox-as-a-Service" platform. This innovative system facilitates the automated, on-demand, and secure delivery of various goods, including packages, products, and food. It boasts intelligent, climate-controlled features and can receive items from a diverse range of delivery methods, such as traditional couriers, drones, and robotic systems. Established in 2020, the company is based in Fishers, Indiana. It was previously recognized as Arrive Technology Inc. before officially changing its name to Arrive AI Inc. in September 2024.
Quick stats
Shares outstanding51.9M
Computed float24.8M
Float / shares47.9%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001818274
Websitehttps://www.arriveai.com
AI Summary
AI-generated1/31
standardbullishdebt offering
Arrive AI Resolves Streeterville Repayment Trigger, Strengthening Financial Flexibility and Focus on Execution
Arrive AI amended its financing agreement with Streeterville Capital, issuing a new $108,000 unsecured promissory note to resolve a previously triggered monthly repayment obligation.
The amendment lowers the applicable floor price from $0.25 to $0.10 per share, eliminating approximately $962,500 in mandatory monthly cash repayments that were triggered by the company's share price decline.
CEO Dan O'Toole stated the agreement provides greater financial flexibility and removes a distraction, allowing the company to focus on execution while continuing efforts to regain compliance with Nasdaq's $1.00 minimum bid requirement.
Red flags
- Repayment obligation triggered due to share price falling below previous floor
- Company trading below Nasdaq $1.00 minimum bid price requirement