Arrive AI to Sell Up to $14.97M in Stock via At-the-Market Offering

Arrive AI Inc. has entered into an Equity Distribution Agreement with Maxim Group LLC to sell up to $14,967,247 of its common stock through an "at the market offering" program. Maxim Group will act as the sales agent, offering the shares from time to time. The company will pay a 2.5% commission on gross sales. The agreement allows Arrive AI to suspend sales at any time and contains customary representations and warranties. The shares will be issued under the company's effective shelf registration statement on Form S-3.