Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 202

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 202
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 must be undertaken for discovering information that is technological in nature, and its application must be intended for use in developing a new or improved business component of the taxpayer. The payroll tax credit election is an annual election made by a qualified small business specifying the amount of research credit, not to exceed $250,000, that may be used against the employer portion of social security liability. The credit is the smallest of the current year’s research credit, an elected amount not to exceed $250,000, or the general business credit carryforward for the tax year. As of September 30, 2024, the Company continues to earn tax credits under this program to be used against future employment tax obligations.

| 15. | RECLASSIFICATIONS |

As disclosed in Note 16, the Company executed a 1-for-4 reverse stock split on November 25, 2024. This reverse split is considered a recognized subsequent event; accordingly, certain amounts in prior periods have been reclassified to reflect the impact of the reverse split.

The Company’s number of warrants remain the same as previously reported and as a result of the reverse split, if exercised, will convert on a 4 to 1 per share basis.

As a result of the 1-for-4 reverse stock split, the number of option awards under its equity incentive plan have been adjusted on a 4 to 1 per option basis. Accordingly, the exercise price is increased to 4 times the original stated price.

| F-55 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| 15. | RECLASSIFICATIONS 
 (Continued)       |

The table below presents the effect of the reverse split on financial statements amounts and disclosures.

| September                         
 30, 2024                          |     |   |             |   |     |   |              |   |
|:----------------------------------|:----|:--|------------:|:--|:----|:--|-------------:|:--|
| Financial                         
 Statement Element                 |     |   | Pre-Reverse 
       Split |   |     |   | Post-Reverse 
        Split |   |
| Par                               
 value of common stock, per share  |     | $ |     0.00005 |   |     | $ |       0.0002 |   |
| Shares authorized                 |     |   | 200,000,000