Arrive AI (ARAI) late Tuesday filed a preliminary prospectus for a proposed secondary offering of about 8.13 million shares of common stock.
The selling stockholders, including Streeterville Capital, may sell shares from time to time in the open market, through privately negotiated transactions, or in a combination of these methods.
The company said Chief Executive Daniel O'Toole beneficially owns more than 70% of its voting power.
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