Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 166

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 166
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-4 reverse stock split, with 200,000,000 shares authorized and available to issue for purposes of satisfying any future transactions. The par value is now $0.0002.

For the year ended December 31, 2024, the Company issued 276,262 shares of common stock as follows (on a post-reverse split basis):

| a) | 68,743                                                                                           
 shares, of which 41,119 shares are inclusive of warrants issued and deemed as equity, as         
 described in Note 12, in January, April, July, August, September, October, November and December 
 2024 with accredited investors in exchange for cash of $825,000 at an average of $12.00 per      
 share (as adjusted for the 1-for-4 reverse split).                                               |

| b) | 174,680                                                                                    
 shares issued through a crowdfunding campaign with other investors in March, June, July,   
 August, September, October and November 2024 in exchange for net cash of $1,818,626, at an 
 average of $10.41 per share (as adjusted for the 1-for-4 reverse split).                   |

| c) | 32,839                                                                                         
 shares issued with employees or consultants via stock awards, recognized as compensation       
 expense, valued at an average of $12.50 per share (as adjusted for the 1-for-4 reverse split), 
 for a total of $410,632, based on the price per stock issued to investors for cash during      
 the year ended December 31, 2024.                                                              |

For the year ended December 31, 2023, the Company issued and cancelled 365,113 and 1,125,000 shares of common stock, respectively, as follows (on a post-reverse split basis):

| a) | 13,334                                                                                      
 restricted shares, subject to a time-based vesting schedule which began July 1, 2021, with  
 shares vesting quarterly (3,333 per quarter), recognized as compensation expense, valued    
 at $0.84 per share (as adjusted for the 1-for-4 reverse split) based on the prevailing fair 
 market value report at the grant date.                                                      |

| b) | 76,360                                                                                                                                   
 shares issued with employees or consultants via stock awards, subject to a performance threshold                                         
 and time-based vesting schedule, recognized as compensation expense,                                                                     
 valued at $11.08 per share