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Arrive AI said it filed an 8-K reporting unregistered equity sales and related warrant issuance. The company said it received $250,000 in gross proceeds from the private placement before certain reimbursements and expenses.
Arrive AI said it entered a securities purchase agreement for a $250,000 private placement with an accredited investor. The company plans to use the proceeds for general working capital and must file a resale registration statement within 20 days of closing.