ARAI will be bringing its Arrive Points to DXC facilities. However, specific numbers regarding units or revenue figures were not discussed.
Arrive AI is a penny stock at 23 cents and just partnered with a billion dollar company.
Streeterville gave Arrive AI what they call a capital infusion of up to $40,000,000 and they have roughly $20,000,000 left to use but it comes at a dilutive cost. Streeterville has agreed not to sell additional shares if the stock is under $1.15. That potentially gives the stock quite a bit of upside before any selling pressure.
I believe they are burning through cash with no revenue. Will major news like this be enough to offset short term dillution? Thoughts?
What would a private placement do for this company?
