Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 199

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 199
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, therefore the total unvested units and the related unrecognized compensation expense was 192,136 (on a post-reverse split basis) and $2,071,995, respectively.

At September 30, 2024, thirteen other employees were issued 230,622 stock option units (on a post-reverse split basis), subject to a time-based or time and performance-based vesting schedule. The fair market value of these stock option units on the grant date, which was determined by using the Black-Scholes model, range from $10.304 to $11.936 (as adjusted for the 1-for-4 reverse split). As of September 30, 2024, total unvested units are 199,180 units (on a post-reverse split basis) with related unrecognized compensation expense of $2,198,107.

| 12. | WARRANTS |

Warrants are issued in connection with the issuance of common stock and included in the statement of changes in stockholders’ equity as a component of additional paid-in capital, net of offering costs. During the nine months ended September 30, 2024, the Company issued warrants with a fair value of $405,580. The warrants will become exercisable on the fourth anniversary of the date of the individual agreement. The fair market value, on the date of grant, for each of the warrants issued below, was determined based on the methodologies described in Notes 2 and 4. The warrants (on a post-reverse split basis) convert on a 4 to 1 per share basis.

| F-51 |

<div align='center'>ARRIVE TECHNOLOGY INC.

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| 12. | WARRANTS    
 (Continued) |

|                    |     | Number                  
 of Warrants Outstanding |         |     | Weighted               
 Average Exercise Price |      |     | Number                  
 of Warrants Exercisable |         |
|:-------------------|:----|:------------------------|--------:|:----|:-----------------------|-----:|:----|:------------------------|--------:|
| BALANCE,           
 JANUARY 1, 2023    |     |                         | 652,857 |     | $                      | 2.38 |     |                         | 652,857 |
| Issued             |     |                         |       - |     |                        |    - |